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.
Was in St Thomas last week and Main Street, which is overwhelmingly dependent on cruise traffic, was a ghost town.
Putting on my john Kerry Industrial Asshat....
Just turn all cruise ships in to floating solar panel factories and they can employ all the people Biden is putting out of work.