Shares for Carnival Cruise lines fall

Shares for Carnival Cruise lines fall
MGN Online Photo Courtesy: Carnival Cruise Line
Tuesday, May 21, 2013 - 8:14am

A string of mishaps at sea has taken a toll on Carnival Cruise lines. Shares of Carnival fell as much as 15-percent Tuesday (today) after the company slashed its earning forecast for the year.

Carnival has been plagued with problems over the past year including the sinking of the Costa Concordia which killed 32 people and passengers on the Carnival Triumph were stranded at sea for days after an engine room fire knocked out power.

The cruise company has been cutting its prices in an effort to drum up business.

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