| Carnival Q3 income declines

Carnival Corporation has reported a
decline in third-quarter income – US$1.1b on
revenues of US$4.73b, down from US$1.2b on
revenues of US$4.68b a year ago.
The company told analysts this week it would
take up to three years to bring the Costa brand
back into profit as it continues to recover from
the effects of Costa Concordia.
The group was also hit by US$176m
impairment charges related to two older Costa
ships which will be laid up or sold (see p2), and
US$27m related to Ibero trademarks.