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Carnival profits fall as Concordia crash impact remains | Carnival profits fall as Concordia crash impact remains |
(about 1 hour later) | |
Cruise company Carnival has reported another big fall in profits, as it continues to be affected by January's capsizing of its Costa Concordia ship off the coast of Italy. | Cruise company Carnival has reported another big fall in profits, as it continues to be affected by January's capsizing of its Costa Concordia ship off the coast of Italy. |
Carnival made a net profit of $93m (£57m) in the three months to 30 November, down from $217m last year. | Carnival made a net profit of $93m (£57m) in the three months to 30 November, down from $217m last year. |
Revenues at the British-American group fell to $2.7bn from $2.8bn. | Revenues at the British-American group fell to $2.7bn from $2.8bn. |
Carnival has seen a fall in bookings since the capsizing, despite offering substantial price cuts. | |
A total of 32 people died when the Costa Concordia hit rocks off the coast of Italy on 13 January. | A total of 32 people died when the Costa Concordia hit rocks off the coast of Italy on 13 January. |
Carnival said it was also being affected by the weak European economy and high fuel prices. | Carnival said it was also being affected by the weak European economy and high fuel prices. |
Looking ahead, the company said its bookings for 2013 "continue to be behind" this year's levels. | Looking ahead, the company said its bookings for 2013 "continue to be behind" this year's levels. |
Carnival chief executive Micky Arison said: "As a result of the Costa Concordia tragedy in January, the past year has been the most challenging in our company's history." | Carnival chief executive Micky Arison said: "As a result of the Costa Concordia tragedy in January, the past year has been the most challenging in our company's history." |
The company's shares are listed in both New York and London. Its US shares were down 5.4% in late morning trading. | The company's shares are listed in both New York and London. Its US shares were down 5.4% in late morning trading. |
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