LOL to your first point, probably not too far off.
On the second point I realized after I posted that there is risk to shareholders if the debt is defaulted, the lenders gain control of the company and shareholders are wiped out (presumably most of the management will still have jobs of course - little to no risk to them in fact the cash infusion helps them more than anyone). But the cruise lines should have assets e.g. cruise ships, dock rights, customer data etc that have some marketable value assuming they never do get back to sea in time to generate positive cash flow. These entities may crumble, but in time cruises will sail again. Just a question of who owns and operates the ships.