CARNIVAL ROYAL CARIBBEAN NORWEGIAN COULD HAVE A $30 BILLION PROBLEM
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CARNIVAL ROYAL CARIBBEAN NORWEGIAN COULD HAVE A $30 BILLION PROBLEM As the pandemic drags on the big 3 cruise lines Carnival Royal Caribbean and Norwegian could end up with a $30 billion problem as they keep having to turn to their bankers for survival cash. Since March of 2020 the 3 large publicly traded cruise lines have raised over $16 billion and are now paying interest rates of up to 14%. All bets are that a vaccine will be created to solve the pandemic but when it is available is the big question. For cruise lines it might take until Jan 2022 for a vaccine to be cleared by world health authorities and that would mean that cruises may begin in June 2022. With this kind of delay possible, the 3 cruise lines would need another $30 billion just to survive. #carnivalcruiselines #royalcaribbean #travellingwithbruce
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