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Market Movers

Amid discounts, cruise line loses bookings

Carnival Triumph stalled for five days in the Gulf of Mexico this year; 32 died in Italy last year in the Costa Concordia disaster.

Associated Press/File 2013

Carnival Triumph stalled for five days in the Gulf of Mexico this year; 32 died in Italy last year in the Costa Concordia disaster.

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Blame images of people stranded at sea as toilets backed up: At Carnival Corp.’s namesake Carnival Cruise Lines, bookings for the next three quarters are below last year’s, despite discounts and a costly program to add backup generators and upgrade fire safety. In June, Carnival replaced Micky Arison, CEO since 1979. The Miami parent company, with 10 cruise lines, turned a $934 million June-August quarterly profit, down 30 percent from a year before. Fourth-quarter results will range from a loss of 3 cents a share to profit of 3 cents.

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