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Mar 10th, 2012 Comments: 0

Carnival cuts outlook on Costa wreck

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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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