Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question is from the line of [Steve Altabondo] with Sidoti & Company.
[Steve Altabrondo] – Sidoti & Company, LLC
Hi guys. How are you?
Joseph Ueberroth
Pretty good, Steve.
Blake Barnett
Hi Steve.
[Steve Altabrondo] – Sidoti & Company, LLC
A couple, just a couple quick ones. Do you have a cap ex number for the fourth quarter and what you think cap ex will be for ’08? You mentioned $6 million, I wasn’t sure if that was just for Majestic or?
Joseph Ueberroth
We discussed $5 million of lay-up expenses that will be expensed in 2008. We did not give you a cap ex number. We have in previous calls and it would remain consistent from what we indicated prior.
[Steve Altabrondo] – Sidoti & Company, LLC
When is the K being filed?
Joseph Ueberroth
In the next 48 hours.
[Steve Altabrondo] – Sidoti & Company, LLC
Then you had mentioned you’re looking to reduce, did you say vessel cost by 10%? Are you talking about the line item basically cruise operating expense?
Joseph Ueberroth
Yes.
[Steve Altabrondo] – Sidoti & Company, LLC
All right, thanks, guys.
Operator
Your next question is from the line of [David Libowtiz] with Barnum.
[David Libowitz] with Barnum Financial Group
Two unrelated quickies: One, the litigation with Holland America, has that been already filed?
Joseph Ueberroth
There is not litigation currently. We’re working diligently with them to resolve these issues.
[David Libowitz] with Barnum Financial Group
Secondly, you said the credit card company is taking a, putting a large hold on your cash. How much is that hold going to be?
Blake Barnett
We said it was going to increase $13.5 million. It’s already roughly at that level for the processor, so in total it’ll go to about $27 million.
[David Libowitz] with Barnum Financial Group
Thank you.
Operator
Your next question is from the line of Jason Blair with Rockdale.
Jaison Blair with Rochdale Securities LLC
Hey Joe. Hey Blake, how you guys doing?
Blake Barnett
Good. Greetings.
Jaison Blair with Rochdale Securities LLC
Greetings. In the third quarter in your earnings release, you provided cruise booking trends and for Majestic America we saw that the number went from 13% in the third quarter of ’06 to 26% in the third quarter of ’07 and Windstar went from 46 to 48 year-over-year, that’s the third quarter. I see now you’ve gone to now in the fourth quarter cruise booking trends, passengers books and book on APD, I’ve got 19,547 for Majestic. Would it be fair to assume that the average trip is seven days which gets me to a, and that 383 a day gets me to about 52 million? If I add 14% for onboard, that gets to me about $60 million of revenue you’ve already booked for Majestic in the year.
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