...note the word "voluntarily" suspiciously appears in the statement from Royal Caribbean International. That's bull - the real issue is that too many people canceled on trips that were already well under break-even numbers. Royal Caribbean blames it on O M M O I R C O R N O I N C , will write off the loss, and will re-book passengers on later, fuller cruises.
How does Royal Caribbean know that O M M O I R C O R N O I N C will no longer be an issue in mid-January?
Of course, they don't know that, and this is just another year and a half of putting off the recovery.
The cruise lines have to placate the creditors who they owe Billions of dollars too, and they have to keep up a positive profile for their customers.
If you noticed in this article, CRUISE HIVE have reported the facts, and left out the rah rah lets go cruising talk they normally end an article with.-Tom