Some people think it is a continuation of their bait and switch tactics the Lines have used for the last year.
Something I have described as a form of PONZI scheme.
Economically the Cruise Lines are really up against it now and some drastic action has to be taken soon.
How many more BILLIONS can they borrow now with no way of paying it back, except to use borrowed money to meet their obligations. A business like the AIRLINES don't have to worry because the Governments will bail them out - as they have gotten bailed out in the past.
The Cruise lines are on their own.
Something has to give shortly. -Tom
Two words I remember from the last article you sent out...”unsecured loans”.
The only way they’d get deposit money from me at this point would be if those funds went into some sort of trust acct and they’d be immediately dispersable back to the psgr in the event of bankruptcy.