Posted on 07/21/2022 10:21:10 AM PDT by Capt. Tom
If you just started out as a cruise company and had no debt you would only have to earn enough to keep your cruise line running.
The big 3 cruise lines are so much in debt that they have to earn extra money to pay off their debt or face bankruptcy. - Tom
I’m sure all the new investors are thrilled with more losses 🤪
As long as these idiotic companies keep enforcing a mandatory vax requirement, they will all see bankruptcy
Timing would seem to indicate a level of despiration.
It will be interesting to see what they do with the cash.
You nailed it.
I was just about to post that I will never get a covid shot just for the privilege of getting on a cruise ship....and I bet a whole lot of people feel the same way.
Not a good idea to invest in companies that have a business model that depends on a functioning, civil culture.
Stave off bankruptcy for a time.
When they rid themselves of the vaxx mandate their revenue will increase …… till then ……
Time makes all things clear. -Tom
Yes, agreed. But as non-US companies, where do they file bankruptcy? Maybe whoever buys them out of bankruptcy can redo them as American companies, flying American flag, and hiring Americans?
Interestingly, on the cruise line forums the vaccinated passengers don't want to see the vax requirement lifted (they say it doesn't affect them), the unvaccinated refuse to cruise until the vax requirement is lifted (me among them), and the brand loyalists say that the ships are nearly full now so who needs them anyway?
-PJ
In 2019 we considered buying a good amount of Carnival stock — just for the Onboard Credits. Sure glad we didn’t! The SHTF just a few months later.
Do you think prices will go up to cover these debts?
That’s exactly our mindset, too.
In 2017 we bought the 105 token shares. Used it about 5 times.
In the end the trips cost us FAR MORE than they would have without stock owning.
You cannot shut down major sectors of the economy for months/years and not have repercussions.
The effects of ill-advised, extended, political shut downs are going to be felt for years.
Now I feel better. Thanks.
You can have 52.5 of my shares to share in my feeling better too.
I paid what, $55 each share then.
I really do miss cruising. We’re thinking of making reservations now, knowing that we’ll be able to cancel before final payment if necessary.
No way in hell would we get a clot shot. Sunday morning my dear friend died after (1) clot shot booster early June, (2) a-fib mid-June, (3) hospitalization June 26, (4) ventilator July 4, (5) Hospice July 12, and (6) death July 17.
We got clotted friends that are doing Alaska. We so badly want to go. Sept 2nd. But we are true blood. And ship sails from Vancouver so even with cdc changing the rules, we are screwed.
Even thou a few cruise lines ‘allow’ a few unvaxxed each sailing, there is the discriminatory ‘health insurance you must buy that covers covid’ in order to sail.
Maybe 2023. But who knows what the October surprise will unfold this year.
In past years it was nice to cruise in late October as you miss all the campaign ads at home being gone for a week or two, leading up to election day.
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