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Costa Concordia owner reports first quarter loss Costa Concordia owner reports first quarter loss
(40 minutes later)
The owner of the Costa Concordia, the cruise liner that capsized off the coast of Tuscany killing at least 25 people, reported a loss in the first quarter.The owner of the Costa Concordia, the cruise liner that capsized off the coast of Tuscany killing at least 25 people, reported a loss in the first quarter.
Carnival, which runs Costa among other cruise operators, posted a loss of $139m (£89m) compared with a profit of $152m in the same period last year. Carnival, which runs Costa and other cruise operators, posted a loss of $139m (£89m) compared with a profit of $152m in the same period last year.
The Costa brand was hit again this month when another of its ships was stranded in the Indian Ocean for three days after a fire in the engine room, with more than 1,000 people on board and without electricity or functioning toilets.The Costa brand was hit again this month when another of its ships was stranded in the Indian Ocean for three days after a fire in the engine room, with more than 1,000 people on board and without electricity or functioning toilets.
Carnival said the Costa brand would recover within a year or two.Carnival said the Costa brand would recover within a year or two.