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.
Not a good idea to invest in companies that have a business model that depends on a functioning, civil culture.
When they rid themselves of the vaxx mandate their revenue will increase …… till then ……
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?
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.
Here is another take on this problem. -Tom
https://www.nasdaq.com/articles/why-cruise-line-stocks-just-got-destroyed