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Carnival Cruises reports loss as it rebounds from calamities at sea
Carnival Cruises reports loss as it rebounds from calamities at sea

Carnival Corp., the world's largest cruise line company, reported a $15-million net loss for the three months that ended Feb. 28 as it continues to rebound from several cruise catastrophes. The Miami-based company that controls nearly 50% of the market through 10 cruise line brands around the world reported $37 million in net profits for the same period in 2013, according to Carnival's latest financial report. Carnival's revenue for ticket sales and onboard spending for the first quarter of 2014 were nearly on par with revenue for the same period last year -- about $3.6 billion. But the company reported higher operating expenses and a loss of $17 million in fuel derivatives....

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