Factors that contributed to the loss included operating loss in Crystal Cruises due to a more competitive environment resulting from a 13.7% increase in new luxury cruise ship capacity in the industry and higher marketing costs and startup costs of new Crystal river ships and AirCruises operations.
SINGAPORE (July 31): Genting Hong Kong is expected to record a consolidated net loss in the range of US$200-US$220 million ($271-$299 million) for the six months ended June.
This is compared to a consolidated net loss of US$73.7 million, excluding the share of results of Travellers, for the six months ended June in 2016.
