Oooof!

You all get it...for most folks, I think cruises are out of the question...which begs the question of just how many advanced degrees one needs to read one of their balance sheets and truly understand just how deep that hole is. Yes, folks are sooo frustrated over the covid restrictions of the recent past, and so on, and yes there's a bunch who are going "out there" regardless, and yes, that so-called "rubber band effect"....call it what you will...but no one is going to convince me that the cruiselines are going to weather this and it'll be just like the good ol days....eventually...the only folks for whom "the good ol days" are alive and well are...wait for it...those characters up on mahogany row....

And on the flip side ... with inflation raging people have less to spend on leisure which means less cruises for most people which means the cruise lines may not be doing so well

Actually, we will be cutting back on our trips (including cruises). We will probably be traveling closer to home (there aren't many cruise ports in Colorado). I am saddened by the cutbacks and just hope they aren't permanent. The income has increased but not at the same rate as the output. Let's hope the cruise lines do well and pay off their debt. Personally, I wish the would quit making new (bigger) ships. But it's because I like a midsize ship better and It's a selfish wish. You all have good points. I am just being introspective.

You need to repeat that course...and just how do you service YOUR debt? up to and including things you pay for out right...lil things like gas, food, all that stuff you need to umm....live? no problemo, just pay more, way more, and it doesn't matter...you're paying with inflated $$?? right??? ERRRRPPPP! yeh, your inflated SS check, your inflated pension check, oops, forgot, your inflated salary?? the games the cruise lines are playing are very dangerous...to US...if you got enough bux, to spend on cruising of all things, well, then, none of this matters, just something to grouse about...for the vast majority of folks, it comes down to buy gas and eat less...when the lines report again, go download a couple of the big boys balance sheets. if you weren't drinking b4, you will be...any idea that they'll get out of debt anytime "soon" is totally im-possible....all they can do is have less perks, less employees, less maintenance...you'll notice they're still constructing new ships, at a gazilllion $$ apiece....if they manage to contract for a ship at only 3/4 of a gazillion $ because the shipyard wants the biz, its a bargain right??? helluva way to run a railroad...

I don't think any of us really adjusted our cruising because of the economy...but then, I'm not going to sit here and say we're exactly representative either.

I guess one saving grace for them is this insane amount of inflation. As I can recall from my econ-101 days, a high inflationary period is the best time to be in debt.

While it will suck for us having to pay more to sail, at least they'll be servicing their debt with inflated dollars.

Yep ... want then to stay afloat. Definitely do not want them sinking .....

I have a feeling a lot of the cruise lines have this much debt to reconcile. Hopefully, they'll be able to recover soon.

There are some enterprises we wouldn't touch, regardless - airlines be another. Friend, of 50 years now, bought into Canadian Airlines, Canada's second largest carrier from 1987-2001, (at which time it went mammary glands skyward) - IIRC, and I probably don't, as a shareholder he received some small travel perks while the company was operational.

It, and variations thereof, ain't for us though - him either, nowadays.

Good for you! If its so complicated you can't make sense of it with simple arithmetic, (once you learn the lingo) all the money in the world (especially ones own) can't justify it.........but then the overpaid mahogany row pooh bahs playing with YOUR bux would be out of work wouldn't they?....but then, those golden roses come into play........no charge.......moving on.......

I bought 100 shares in 3/20 when it dropped to $8. My plan was to hold on to it to use for OBC, but I got greedy and sold when it shot to $24, figuring I made more than all the OBC's I'd be able to get in the time I have left here on God's green earth. Glad I did.

[quote=Yankee47]

Back 2017, it was in the mid 60's. now? 13...and no, I didn't partake....thank gawd...