Below is just an opinion on possible bankruptcies, but supports my concern the Cruise Lines have waited to long to get income to pay of their debts.
Hoping for a 2021 income stream to bail hem out might be wishful thinking.
I know it is not the fault of the Cruise Lines but a combination of other factors.
Bankruptcy doesn't necessarily mean they are going out of business-just reorganizing.-Tom
````````````````````````````````````````````````````````````
From the Daily Coin June 25, 2020
Another distressed retail favorite that was downgraded to junk status was Carnival cruise lines which has actually been number 6 on the top retail favorites on Robinhood.
Around the middle of March retail investors began pouring their money into cruise lines and pretty much anything that was selling off hard.
Unfortunately, the downgrade means due to the uncertainty about when they will safely be able to return to operations they now have a heightened risk of missing their debt payments meaning bankruptcy could be in the card for this retail investor favorite.
FWIW Cruise lines stocks are surging today.