The central question is whether their restart revenues are generating enough to service the large amount of debt they took on during the shutdown. They could be in a losing race to the bottom. Cancelling sailings and turning away potential passengers do not bode well for revenue generation. OTOH, their financiers do not want to own a bunch of rusting hulks to be sold for razor blades, either.
“The central question is whether their restart revenues are generating enough to service the large amount of debt they took on during the shutdown. They could be in a losing race to the bottom.”
CCL missed Q2 estimates with a $1.21 /s loss. Still projecting a profit for 2022 with rising ticket prices.