“They won’t have much luck getting an equity firm to throw away money. The industry is not sustainable.”
I’d have to disagree there. I bet they do and more besides from offerings.
The industry is not sustainable? What analyst said that!
“They won’t have much luck getting an equity firm to throw away money. The industry is not sustainable.”
Carnival had no issue raising several billion dollars in less than a day last month. And the industry had been slowly but steadily increasing in revenue across the various cruise lines over the last few years. Seems quite sustainable to me.
“The industry is not sustainable? What analyst said that!”
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Even if they could find a sugar daddy to bail them out, the daddy won’t be there to keep bailing them out. The virus is going nowhere and there is no cure or vaccine. The disaster-bankrupt-bailout cycle just isn’t a good lather, rines and repeat business plan.
At any rate, it’s my thinking that in the middle of a pandemic to which the cruise industry contributed, where meat is being rationed and toilet paper is a hard to find luxury item, that cruise ships aren’t going to generate too much sympathy for their ongoing financial woes. Maybe if an investor needed a money-pit tax write-off to offset successes and didn’t mind world class headaches.