I believe us Freepers who are cruisers know the plight of the Cruise Industry, and realistically don't see an end to it even in 2021 based on monthly cancellations and panicky reactions to corona virus by countries all over the world.
Cracks in the remaining Cruise Industry are starting to show and talk of a 2022 recovery are starting to be floated instead of the next month scenarios we have been hearing for the last 6 months.
No income, and BILLIONS in expenses, and spending borrowed money plus your own money has to end badly if it continues thru 2020. - Tom
1 posted on
12/11/2020 11:06:57 AM PST by
Capt. Tom
To: Capt. Tom
Worth noting a passenger aboard the ‘cruise to nowhere’ tested positive for Covid-19 doesn't mean the passenger had covid. Which, as confirmed onshore, he didn't. That said, the arrival of a vaccine, ironically, puts recovery off till at least the second half of 2021, since it means passengers will need "vaccine cards" to board. Cash burn, nothing that can't be solved by conversion of debt to equity. I recognize the cruise industry isn't thought to be US based, but they're the only major employer to be treated by the government like the corner hot dog stand. Not a condemnation of the government for not helping the cruise industry, they (their brands and operations) will survive, rather our treatment of small business'
2 posted on
12/11/2020 11:20:16 AM PST by
SJackson
(We don't let them have ideas. Why would we let them have guns. Joseph Stalin)
To: Capt. Tom
I fully expect to be telling grandchildren of the the Oasis class ships being a marvel at sea going from workout, to ice show, to 5 star dinner to elegant theater inside of a 3 hour window.
I can’t imagine how they can survive the next 18 months after enduring the past 8.
3 posted on
12/11/2020 11:27:49 AM PST by
PittsburghAfterDark
(There is no one more racist than a white liberal.)
To: Capt. Tom
Hmm.
Been a Carnival ccl stockholder for maybe 4 years now.
They paid a dividend every quarter. I haven’t looked but has that stopped ?
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson