Carnival profits dive, but come in ahead of expectations

Carnival Corporation, the biggest cruise-ship operator in the world, reported a huge loss for the first quarter after its infamous Costa Concordia ship became grounded of the coast of Italy in an incident which killed 25 people.

Carnival Corporation, the biggest cruise-ship operator in the world, reported a huge loss for the first quarter after its infamous Costa Concordia ship became grounded of the coast of Italy in an incident which killed 25 people.

For the three months to February 29th the firm plunged into the red with a loss of $139m, equal to a loss of 18 cents per share, against a profit of $152m during the same period a year ago.

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