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article imageCostly Costa Concordia: Cruise ship company may lose $155 million

By Marcus Hondro     Feb 7, 2012 in World
The sinking of a massive cruise liner and deaths of some 34 passengers and crew - and other costs such as clean-up and bad press - is proving to be enough of a disaster to sink a cruise company in loss of profits.
Feb. 6 reports say Costa Cruises, a division of the Carnival Corporation, the company that operated the 114,000-ton liner Costa Concordia that hit rocks off of the island of Giglio and sank, will lose $155 million U.S. due to the disaster.
Costa Cruises: bookings down since Giglio disaster
The U.K. publication the Telegraph reported the company's bookings have been down "significantly" since the Jan. 13 disaster. Analysts are predicting, the Telegraph said, that the trend will continue into 2013, costing he company great financial loss.
The Telegraph quoted a Sam Hart, who's an analyst at the U.K. investment firm, Charles Stanley, as blaming some of the potential for loss on media. "Media coverage of the accident means at least some potential customers are likely to opt for alternative types of holidays in the near/medium term," Hart said.
Seventeen bodies have been recovered and another 17 remain missing.
More about Costa Concordia, costa cruises, Cruise ship, off the island of giglio
 
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