Carnival Cruise Lines Making 50% More Than Usual Housing Katrina Victims...

First Posted: 03/28/08 03:43 AM ET Updated: 05/25/11 12:45 PM ET

USA Today:

Cruise ships being used as temporary housing on the Gulf Coast are likely yielding a larger profit than Carnival Cruise Lines, their owner, has let on, a Democratic congressman charged Thursday.

Rep. Henry Waxman of California said an internal financial review from the cruise company suggests that the $236 million government contract is nearly 50% more than the company would be earning if its ships were engaged in normal cruising.

Read the whole story: USA Today

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Filed by Alex MacCallum  | 
 
 



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