Norwegian Cruise Line sees ‘substantial doubt’ about its future, warns of possible bankruptcy

[TheVrolok]

Guess a lot of banks are going to own a lot of half billion to billion dollar ships soon.

Wonder who they'll sell em to.

 

[TheVrolok]

That link is pretty interesting. I'd like to get some of that Ford 9.625% bond debt-compares rather favorably to the .00001% the average consumer gets on their savings (rate slightly understated).

Slightly understated but practically the same. With the amount of money the average American has in a savings account, the wealth accumulated at a 0.00001% rate and 0.01% rate is essentially identical (with regard to buying power).

 

[Jhhnn]

Looks like the banks think NCL is too big to fail.

Norwegian Cruise Says New Funding Means It Will Survive Crisis

Norwegian Cruise Line Holdings Ltd. said Wednesday that a $2.23 billion fundraising effort has secured its future -- a day after telling investors its survival was in jeopardy.

www.bloomberg.com

I smell bonuses! Big executive bonuses!

 

[Jaskalas]

I don't picture myself on a cruise ship. Ever. No loss if they go under.

 

[BoomerD]

Wonder who they'll sell em to.

King Donnie should buy them. With his superb business acumen and history in hospitality...I'm sure it will work...at least as well asTrump Airlines did...

 

[theeedude]

They might do OK if there's a vaccine. People are going to be tired of sitting at home.