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Carnival specials on vacation trips help boost earnings

The world’s largest cruise line has suffered through a number of high-profile mishaps. Yet passengers continue to book vacations thanks to discounts, albeit at a slower pace.

Published: March 16, 2013 at 12:05 a.m. PDT
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The world’s largest cruise line has suffered through a number of high-profile mishaps. Yet passengers continue to book vacations thanks to discounts, albeit at a slower pace.

Carnival Corp. offered more sales to attract wary passengers after an engine fire last month crippled the Carnival Triumph, leaving 4,200 people stranded for five days without working toilets or power. This week, two more of its ships had mechanical problems, ruining the vacations of thousands more travelers.

Carnival Corp. said Friday that it earned $37 million, or 5 cents per share, in first quarter ended Feb. 28. That compares with a loss of $139 million, or 18 cents per share, a year earlier. But its forecast for the year came in below analyst’s predictions.

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