The financial cruise news today is all doom and gloom with cruise giant Carnival reporting another major drop in profits which everyone is attributing to the Costa Concordia cruise ship disaster last January.
Carnival announced today that it made a net profit of $93,000,000 in the three months leading up to November 30th. Now, is 93 million dollars in profits a bad deal? Well apparently so compared to the $217,000,000 in profits in the same quarter last year. Carnival’s stock dropped 5.4%.
Carnival honcho Micky Arison lamented that "as a result of the Costa Concordia tragedy in January, the past year has been the most challenging in our company’s history."
Sorry, Micky. I don’t feel your pain.
You seemed to be smiling on the front row at your AA basketball arena the other night as the Miami Heat trounced the Minnesota Timberwolves. Yes it was a great game. But $20 to park the car, $14 for a 16 ounce beer, another $14 for a hot dog, and $11 for two tacos seems a bit steep; I’m not going to even mention the ticket prices.
Didn’t you just pay yourself a $90,000,000 bonus a couple of weeks ago?
$90,000,000 to you. $93,000,000 to the stockholders. Seems fair to me. After all, I’m drinking your $14 beers.