"Carnival Cruise Line's 2024 Focus: A Stock to Consider?"

Carnival Corporation, parent company of Carnival Cruise Line, has seen its stock lag behind peers due to a troubled balance sheet with high debt levels. While the company has made progress in strengthening its debt profile, it still lags behind competitors in reducing leverage. Carnival aims to substantially increase free cash flow in 2024 and beyond to drive down its debt balances, but caution is advised for investors due to the company's ongoing financial challenges and the potential impact of a recession on cruise spending.