Carnival has announced that the sinking of the Costa Concordia cruise ship could wipe out its profits in 2012
Carnival says Costa Concordia disaster could reduce the company’s profits by as much as 82% this year after more than 30 people are believed to have died in the accident.
In the quarter to 29 February, it lost $139 million compared to a $152 million profit in the same period last year.
Carnival has announced that the sinking of the Costa Concordia cruise ship could wipe out its profits in 2012
Carnival’s problems were exacerbated when another Costa Cruises ship, Costa Allegra, had to be towed ashore last month.
Costa Cruises is a subsidiary of Carnival and runs 14 of the company’s total fleet of 101 ships. Other brands include Carnival, Cunard, Holland America, Princess and Seabourn.
The company said that bookings improved as media coverage of the disaster declined.
It said that booking volumes for the Costa line are running “significantly behind” the same period last year.
At least 158 people have died in Spain's worst flooding disaster in generations. On October…
Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…
Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…
The US presidential candidates continued to campaign across key swing states on October 20. Footage…
Elon Musk has said he will give away $1 million a day to a registered…
India and Canada have decided to expel their top envoys along with other diplomats as…
