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by aguyfromnb 2278 days ago
>They're likely not going to go bust though; they have a fuckton of money, at worst the ships are going to be docked for a while until this blows over.

Why do people get this impression a pandemic, combined with an unprecedented economic drawdown, combined with one of the most vitriolic political climates we've ever seen is just going to "blow over", and in 6 months we'll be going along like nothing ever happened?

Covid19 might go away (or it might not, there's always that). But many things are going to change. Who's to say we don't now decide that cruise ships are a stupid idea, because they spread disease, pollute like crazy, don't pay taxes and need bailouts? Many industries disappear.

1 comments

Cruise lines can borrow money at rock bottom interest rates. We do not need to bail them out. They don't even pay US taxes.
Royal Caribbean is borrowing at 6-7% according to a quick Google. And that is in good times.

No reason to believe they could attract better terms at a time like this