Thursday, June 23, 2011

Carnival profits fall after costly second quarter

By Hannah Sampson

Soaring fuel costs, deployment changes and steep discounting took a chunk out of Carnival Corp.’s second-quarter profits, despite higher revenues year over year.

The world’s largest cruise ship company earned $206 million for the period that ended May 31, an 18 percent drop from $252 million during the same time in 2010.

Read more: http://www.miamiherald.com/2011/06/21/2278221/carnival-profits-fall-after-costly.html#ixzz1Q6ok2jLo

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