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Miami-Based Cruise Line Reports 25-Percent Drop in Quarterly Earnings.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 25-MAR-01 |
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COPYRIGHT 2001 The Miami Herald
Byline: Ina Paiva Cordle
Mar. 23--Hurt by a challenging comparison to a year ago, when it sold high-priced millennium cruises, as well as continuing weakness in its luxury lines, Carnival Corp. Wednesday reported a 25 percent drop in first quarter earnings.
While its mass market lines have shown pricing improvement, and overall bookings are up in January and February, the Miami cruise company said the luxury segment would pose a problem...
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