What impact did the incidents like Costa Concordia have on Carnival's financial performance?
Carnivals Revenue Tops Estimates
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Carnival has exceeded revenue estimates and improved its forecasts, indicating a potential turnaround. Despite past challenges like the Costa Concordia incident, the company is investing $700 million to enhance its fleet and improve brand perception. Maintaining pricing while managing occupancy remains a challenge, but recent quarters show positive trends.
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What were the challenges Carnival faced in maintaining pricing during the June quarter?
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