Ugh. This is not good. One would think with the encouraging early results from a number of early COVID19 vaccine trials, as well as COVID19 treatments, that we would never see the following:
“Kuryla now has to consider a once-unthinkable scenario where cruising remains banned indefinitely. If that were to happen, he said, PortMiami would exhaust half of its reserves by the end of 2021 before the county would consider a new operating model, possibly pivoting to more cargo and halting the construction projects.” – nbcmiami.com (bold mine)
But I have to tell you I am in fear that the amazing cruising experience, as it was pre-COVID19, may truly never ever return.
Cruise stocks were all but destroyed early this year and have recovered – a little (disclaimer: I currently hold no cruise stocks). But I doubt any of them will survive bankruptcy and other financial minds are calling for you to sell your stocks now on any moves up. I would agree.
I have no plans to get on a ship in 2020. I would love to – but clearly it is not safe. I may not get on a ship in 2021. Heck, I may not even get on an airplane till late in 2021 (shudder). Things are going to have to get MUCH better before I consider any kind of travel safe (other than my car).
I wonder if any travel related company will survive without massive down sizing as well as bankruptcy. – René
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