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Carnival and Other Cruise Stocks Tumble. There Is Too Much Working Against Them.
Barrons ^ | June, 16, 2022 | Sabrina Escobar

Posted on 06/16/2022 9:36:20 AM PDT by Capt. Tom

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I agree with the author, and believe the cruise lines have borrowed so much money to stay afloat, and have taken on more debt with new ships, I cannot see a way for them to pay back their Billons in debt for at least 3 more years.

I wonder how long their creditors can wait to be reimbursed? Or will some of them bolt, and force a bankruptcy.- Tom

1 posted on 06/16/2022 9:36:20 AM PDT by Capt. Tom
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To: Capt. Tom

Largest cruise ship in the world crashes into a Pier and the rest follow


2 posted on 06/16/2022 9:38:11 AM PDT by butlerweave
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To: Capt. Tom

Gotta get a shot to get on a cruise ship......I think I se the problem


3 posted on 06/16/2022 9:41:35 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: Capt. Tom

Can’t they just dock the boats at various ports and rent out the rooms for people to live in? Like an enormous apartment complex? At least they can get some of their money back that way.


4 posted on 06/16/2022 9:45:54 AM PDT by packagingguy
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To: Capt. Tom

I’m honestly surprised they lasted through the pandemic nonsense. Airlines survived because a lot of folks have to fly.


5 posted on 06/16/2022 9:47:31 AM PDT by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: cuban leaf

Easy credit by “too big to fail” lenders can kick the can down the road for a long time....

When it is time to refinance at higher rates is when the party ends.


6 posted on 06/16/2022 9:50:11 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: V_TWIN
Uptick in Covid cases? Yet, deaths remain pretty low, on par with pneumonia, heart failure, and respiratory ailments
resulting in humans obtaining room temperature.

I am so tired of this excuse from yesterday's panic.

7 posted on 06/16/2022 9:52:06 AM PDT by Thommas (The snout of the camel is already under the tent.)
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To: V_TWIN; George from New England; cll; DarthFuzball; Tennessee Nana; Fai Mao; CodeToad; ...
Gotta get a shot to get on a cruise ship......I think I se the problem,

No doubt that is a part of the immediate problem.

It also will tick off a certain amount of unvaccinated cruisers from ever going back to cruising. -Tom

8 posted on 06/16/2022 9:52:09 AM PDT by Capt. Tom (.It's COVID 2022 - The Events, not us, are still in charge. )
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To: Capt. Tom

My wife and I were thinking about doing an Alaskan cruise for our 25th anniversary, but every stinking cruise line mandates that you be “fully vaccinated.”
That means there is a 0% chance of us getting on your ships. I guarantee you there are lots of other potential customers like us.


9 posted on 06/16/2022 9:55:54 AM PDT by Restless
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To: V_TWIN

I’ve seen/heard very few complaints about requiring vaccination to board a cruise ship. Most passengers are olde and more vulnerable, therefore they prefer cruises where vaccinations are required.


10 posted on 06/16/2022 9:57:20 AM PDT by DugwayDuke (most pick the expert who says the things they agree with.)
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To: Capt. Tom

[I wonder how long their creditors can wait to be reimbursed? Or will some of them bolt, and force a bankruptcy.- Tom]


They aren’t waiting for anything. So far, they’re current on interest payments. And maturing debts have successfully been refinanced, albeit at higher rates to account for pandemic-related financial stress.


11 posted on 06/16/2022 9:58:44 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: V_TWIN; metmom; LilFarmer

Yep....first the absurd $hots requirement, now...folks have no discretionary funds to spend...on cruises.

The industry is sinking like the Titanic, unfortunately.

I guess some folks will have to be doing their own cooking and cleaning.

The huge manatee.


12 posted on 06/16/2022 10:01:06 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Restless

I would say you are exactly right.


13 posted on 06/16/2022 10:01:54 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: DugwayDuke

Most passengers are olde and more vulnerable, therefore they prefer cruises where vaccinations are required.


Nope. Just Ye Olde $hift Working $hot $hills, Dugway.


14 posted on 06/16/2022 10:03:08 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Capt. Tom

It just seems like the cruise and airline industries are always looking for a bailout.


15 posted on 06/16/2022 10:04:24 AM PDT by 100%FEDUP (I'm seeing RED!)
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To: DugwayDuke

“I’ve seen/heard very few complaints about requiring vaccination to board a cruise ship”

You can add me to the list of complainers.


16 posted on 06/16/2022 10:05:29 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: Capt. Tom

To add to my previous comment, we were all set to go on an Alaskan cruise in May 2020 to celebrate retirement, but Covid hysteria put an end to that, and we were able to get a refund.
We enjoy going on a cruise every so often, so we are returning customers, but we will NOT return until all stupid Covid mandates are gone.


17 posted on 06/16/2022 10:07:25 AM PDT by Restless
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To: DugwayDuke

I was planning to go on a group river cruise in France this past Spring, but the organizer/leader in our group declined the vax (when we first planned the trip there was no vax requirement) and so the entire trip was called off and the cruise line refunded our deposits (since they changed the rules after we deposited).


18 posted on 06/16/2022 10:07:32 AM PDT by olivia3boys
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To: Capt. Tom

“a certain amount of unvaccinated cruisers from ever going back to cruising”

Mrs V_TWIN and I are both proudly still pure bloods and we would definitely consider another cruise...but not at the expense of getting a little tested experimental treatment to fight a virus I have a 99.8% chance of surviving anyway.....that would be just plain stupid.


19 posted on 06/16/2022 10:08:54 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: Capt. Tom
"It also will tick off a certain amount of unvaccinated cruisers from ever going back to cruising."

My wife and I, even though we have had it and can document antibodies.

20 posted on 06/16/2022 10:11:04 AM PDT by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
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