Yup, here's the Motley Fool (which pains me to link) saying the same thing as the above two posts:
https://www.fool.com/investing/2020/...an-cruise.aspx
Baffling how RCL is still at $25 now. That won't last.
NCL and CCL still have farther to fall, despite being at $8.
Remember when I told everyone not to touch these cruise lines until this whole thing is all over, and perhaps not even then. I'm starting to believe that all of these companies will go under.
The reduction of social distancing will occur in phases. Phase 1 will be, "It's okay to go back to work", Phase 2 will be, "It's okay to invite friends over again, and to go out to restaurants", and then several other phases, and the last of all of them will be, "It's okay to go on a cruise ship."
There may not be cruising at all until a vaccine is developed. I don't think these companies can ride it out for anywhere near that long. Whether they can even make it to July 2020 is questionable.
We may see the destruction of all cruise ilnes, followed by a rebirth with a somewhat different business model and target age demographic.
Most laughable are the people with cancelled cruises from March to May who are skipping the refund and instead booking (highly marked up) future cruises at a supposed "discount".
When these cruise companies crash and burn, their "Future Cruise Credits" won't be worth the e-mail bytes they're printed on.