Carnival Corporation plc (CCL) closed Q4 2023 with record revenues of $5.396 billion, achieving positive adjusted net income for the year, a significant turnaround from previous periods. The demand for cruise vacations remained robust, with record booking levels and customer deposits throughout the quarter. Management reported that they exceeded their financial targets, aided by improved net yields and onboard spending. The company's liquidity stood at over $5 billion, strategically positioning Carnival to manage debt while steering towards investment-grade leverage metrics by 2026. This performance underscores the resilience of the cruise segment and the potential for continued growth as travel demand stabilizes post-pandemic.