Thanks for the ping, Tom. Carnival should have immediately moved to get rid of boats...since cruising will be at the far back-end of any recovery - and we’ve still got a ways to go, even before a recovery begins.
Excerpt below from the MOTLEY FOOL Sept.16 2020 -Rich Smith
Because Carnival is cutting the size of its fleet so much, capacity in this industry will also be cut. This will help to eliminate oversupply, and minimize the risk of a price war breaking out as cruise lines battle for their fair share of vacationers' discretionary dollars once cruising opens up again. In so doing, Carnival has essentially "taken one for the team," and pulled forward the day when cruising will once again become a profitable industry.
That's actually good news for Carnival -- and for Royal Caribbean and Norwegian Cruise as well. If you ask me, it's the reason these stocks are going back up today....