Too big to fail? Cruising

John

I'm on Island Time
Staff member
For the cruise industry, the coronavirus has been a health emergency, an economic disaster and a public-relations nightmare.

With the US Centers for Disease Control and Prevention maintaining a ban on cruise travel and with many islands, including Grand Cayman, unsure if and when they will allow ships to return, there appears to be no immediate solution on the horizon.

The Royal Caribbean Group recently posted second quarter losses of $1.6 billion. Carnival Corporation reported an adjusted net loss of $2.4 billion for the same period.

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