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Carnival relieves its longtime CEO of his CEO-ship. Overall the company, which includes several lines, is making a profit. Carnival Cruise, which has had all the mishaps, is suffering.
Coachella, a hip music festival in California, joins the list of music promoters teaming up with cruise operators to attract young travelers.
The cruise business is emerging from the down economy thanks to lower fuel prices, bigger boats and more fees for perks like alcohol and excursions.
The Costa Allegra was stricken by a fire in the Indian Ocean yesterday, and is being towed to shore today. The second ship disaster in recent months could lead to treacherous seas ahead for the cruise industry.