Carnival Details Short-Term Costs of Cruise-Ship Crash

Wall Street Journal
Miami-based Carnival said in a regulatory filing it expects the loss of the use of the Costa Concordia to reduce its net income by $85 million to $95 million in the fiscal year ending Nov. 30, 2012. It estimated insurance deductiles will cost it another $40 million, in addition to $30 million to $40 million in “other incident related costs” from the accident.

Read More

Leave a Reply