Cruise boss: Deeper than normal discounts not on the way

USA TODAY
Carnival Corp. chairman and CEO Micky Arison tells USA TODAY that consumers expecting unusual deals in the wake of the Costa Concordia accident may be in for a surprise. “There’s some misconception based on events that something drastic (is) coming But consumers who hold out for better deals “could be disappointed.”As part of an announcement today on first quarter earnings, Carnival Corp. revealed that the Costa Concordia accident continues to have a widespread impact on bookings at its brands, which include Costa as well as Carnival, Princess, Holland America and Cunard.

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Carnival cuts outlook on Costa wreck

Reuters
The company said its North American brands have taken a smaller hit than European liners like Costa Concordia – which capsized off the coast of Italy in January, killing at least 25 people – and predicted a broader companywide recovery in the next year to two. “As time passes, we are confident that our business will improve,” Carnival operations chief Howard Frank told analysts on a conference call.

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Briefly: Concordia clouds Carnival’s outlook

Memphis Commercial Appeal
Carnival Corp. expects its earnings this year could be slashed by as much as 82 percent, the cruise line said Friday, nearly three months after the sinking of the Costa Concordia off the coast of Italy that left 32 dead. Since the Concordia capsized in

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6 bids made for yearlong removal of Costa ship

Boston.com
The Italian owners of the Costa Concordia ship that capsized off the Tuscan coast are considering six bids to salvage the vessel, all of which envision a 10-12 month operation.Costa Crociere SpA said in a statement Friday that each plan focuses on ensuring the least environmental impact around the island of Giglio, which is in a marine sanctuary. The Concordia ran aground Jan. 13 after the captain veered off course in an apparent stunt. Twenty-five people were killed and seven others are missing and presumed dead.

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Carnival Bets on a Rebound

Wall Street Journal
By ARIAN CAMPO-FLORES and JOAN E. SOLSMAN
Carnival Corp. sharply reduced its earnings forecast for this year, but pointed to reassuring booking trends, in its fullest financial accounting so far of the impact of the Costa Concordia shipwreck in January that killed at least 25 people. Executives on a conference call with analysts on Friday said the Concordia incident is no longer the main obstacle to selling cruises. Instead, it is travelers’ expectations that prices will fall in the wake of the disaster.

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Carnival slashes outlook on Costa Concordia sinking

Asbury Park Press
25 shows the stricken cruise liner Costa Concordia off the Isola del Giglio. / ASSOCIATED PRESS | Associated Press NEW YORK — The year has barely begun, but it’s already a major disappointment for the cruise industry. It was supposed to be the year that prices stabilized following widespread discounting after the recession. But just two weeks into the year, 32 people died when the Costa Concordia sank off the coast of Italy. Then late last month, another Costa ship — the Allegra — caught fire and lost power, leaving passengers without working toilets, running water or air conditioning for three days.

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Carnival in rough seas as cruise season starts

Wall Street Journal
AP NEW YORK — Carnival Corp. cut its profit forecast nearly in half Friday, another sign of the challenges the company and cruise industry face after the capsizing of the Costa Concordia in January. Cruise line operators entered 2012 thinking they could start charging passengers more again after offering widespread discounts following the 2007-2009 recession. But just two weeks into the year, 32 people died when Carnival’s Costa Concordia sank off the coast of Italy.

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Costa bookings fall after Concordia disaster

Financial Times
By Robert Wright,
Shipping and Logistics Correspondent Bookings at Costa Cruises, the Carnival Corporation brand that owns the capsized Costa Concordia, fell 80 to 90 per cent on the previous year in the immediate aftermath of January 13’s fatal accident and could take a year to recover, the parent company has said.
Howard Franks, Carnival Corporation’s chief operating officer, gave the figures as the company announced net income was down 91 per cent to $13m for the three months to the end of February, on revenue up 4.8 per cent to $3.58bn. The company excluded from its profit figure a $173m write-off for the value of its Ibero Cruises brand and net unrealised gains on fuel derivatives of $21m.

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Costa Concordia owners consider six proposals to remove vessel

Fox News
ROME – The Italian owners of the Costa Concordia ship that capsized off the Tuscan coast are considering six proposals to remove the vessel — a massive, yearlong operation that may involve breaking up the massive liner. Costa Crociere SpA said in a statement Friday that each plan submitted for bidding consideration envisages a 10-12 month salvage operation. And each one focuses on ensuring the least environmental impact around the tiny island of Giglio, which is in a marine sanctuary, Costa said.

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