Norwegian Cruise Line has seen profits increase during the company’s first full quarter with its two newest ships in operation.

The cruise line reported $111.6 million in net income for the second quarter, compared with an $8.8 million loss during the same period last year, Travel Weekly US reports.

Gross revenue for the quarter was up 18.8% to $765.9m and the company has seen a 3.3% increase in net yield.

The latter was attributed in part to higher occupancy rates and higher onboard revenue.

Kevin Sheehan, chief executive, said: “This quarter marks the first full quarter with both Breakaway-class ships in operation.

“Along with Norwegian Epic, these newer, premium, earnings-rich ships now comprise a little over a third of our capacity and contributed to the doubling of earnings in the quarter.”

He told the Miami Herald the Caribbean had been “a promotional environment” but that bookings for the past 10 weeks had been “very solid”.

“The one good thing is you start to feel that things are getting better,” he said. “If things continue in that fashion it should enable us to move pricing a bit.”