I live in FL and from the oceanfront in Palm Beach County you regularly see cruise ships on the far horizon, doing lazy circles, or sometimes anchored. Its easy to think of landlords facing eviction moratoria or large scale rent abatement. But the cruise lines typically lease these enormous vessels, and they cost $2-2.5B to build (maybe more for the most recent ones), so the lease payments are rather large. With no revenue coming in, with minimal crews and idling or low speed fuel consumption, the fixed cost meter is still running at a furious rate. What it must be like to be the CFO of a cruise line, or an airline under these circumstances, I don’t want to know.
I have often thought of that myself.
But I know one thing for sure, the CEOs will lie through their teeth to protect their organization from a default , and what they say can't be taken seriously.-Tom