Posted on 02/22/2021 8:17:19 AM PST by Capt. Tom
This article points out the borrowing the Cruise Industry Big 3 has done to stay afloat, and you can understand how the Cruise Lines claim they can continue for x amounts of months without any income. They are running on borrowed money.(which is alright as long as you have the appropriate income)
IMHO A lot of the cruise internet sites like Cruise Hive-Travel Pulse-The Porthole-Cruise Critic-etc. tend to present a scenario pro Cruise Industry, and there is nothing wrong with that . To see the whole picture you may have to read outside those sites.
The Cruise Industry is running on BILLONS of dollars of borrowed money loaned to them, and loans have to be payed back with interest, unlike Grants.
So going cruising these days may require you to play it safe, and get good travel insurance.-Tom
I’m making bucks on the cruise industry. Today carnival is 26 dollars a share. I bought at 12. My friend bought at 8. Grrrr.
These companies milked it for all it was worth. Cruise ships holding five thousand people? That’s nothing but an ocean going petri dish.
Another question - what impact if any would a $15 minimum wage have on the cruise lines? I don't know enough about the industry, and you seem to have some interest and knowledge in the subject. Thanks in advance.
ImJustAnotherOkie wrote: “These companies milked it for all it was worth. Cruise ships holding five thousand people? That’s nothing but an ocean going petri dish.”
Anytime I see someone use the phrase “petri dish”, I know they’ve never been on a cruise. To be fair, you should also characterize our school systems as “petri dishes” since they are the largest source of Noro.
Those bone heads that say petri dish why are they even concerned they dont cruise dont want to we love it. just keep scrolling
Bernard wrote: “Another question - what impact if any would a $15 minimum wage have on the cruise lines?”
Two points. First, US wage laws do not apply to cruise lines since they are foreign flagged.
Second point. You wouldn’t be able to afford a cruise if this did apply.
Third point. Cruise ship personal maybe paid less than US wages but that doesn’t indicate they are underpaid. There is a long waiting list to sign up for crew slots. The wages paid is very high compared to what’s available in their home country. A bartender told me he would only work four years because then he would have saved sufficient money to build and pay for a new home back in Croatia.
al baby wrote: “Those bone heads that say petri dish why are they even concerned they dont cruise dont want to we love it.”
Pretty much the same in all the cruise ship threads. There’s always one bonehead who has to make the ‘petri dish’ comments as if it’s something only they have come up with. Just another form of virtue signalling, they’re too good for a cruise hip. Hope they enjoy their days at the beach.
BTW, does ‘al baby’ refer to Alabama?
The cruise lines use foreign flagged cruise ships so they don't have to follow any of our wage laws.
We probably could pass punitive laws that would make it difficult for them to operate in this country. -Tom
> I’m making bucks on the cruise industry. Today carnival is 26 dollars a share. I bought at 12. <
Baron Rothschild was more right than wrong: “Buy when there’s blood in the streets.”
I, however, follow a different - and much less lucrative - strategy. “Do nothing until the opportunity has passed. Then complain about it on Free Republic.”
🙂
Schools are far more essential. Nothing can replace schools, even as bad as they are now.
Luxury Cruise lines, not so much.
no my first nick name that a black guy in the car stereo business back in the late 70s Good old Ray it stuck I was a skinny lil white surfer dude Great guy i was a pall bearer at his dads funeral i was one of two white dudes there
lmao
Was in St Thomas last week and Main Street, which is overwhelmingly dependent on cruise traffic, was a ghost town.
ImJustAnotherOkie wrote: “Schools are far more essential. Nothing can replace schools, even as bad as they are now.
Luxury Cruise lines, not so much.”
What does that have to do with the fact that you’re far more likely to get noro from your 3rd grader than a cruise ship?
I know what you mean. The locals read the newspaper and see how many ships are in on certain days and avoid going downtown if there are a lot of ship in.
The locals don't have to worry about that now. -Tom
They have negative cash flow, insane amounts of debt, could be shut down at any time at the whim of their creditors.
Welcome to the stock market in 2021.
Hey occasionally I do that as well!
School’s existence is justified,
Cruise industry with 50 to 100k people jammed into that small place for a pleasure cruise is something totally different.
If you can’t see the false analogy hang up the phone.
Zero impact as they are not US flagged.
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