Carnival reports profits despite lower advance cruise bookings; replaces CEO Micky Arison

  • by: SCOTT MAYEROWITZ , AP Business Writer
  • Updated: June 25, 2013 - 12:00 PM

Passengers remain hesitant to book cruises, despite deep discounts. But that didn't stop Carnival Corp. from eking out a $41 million second-quarter profit thanks to lower fuel costs and the timing of some administrative expenses.

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