This is why.10 Jun 2022 13:21
Massive share dilution, ships are mortgaged, 60% passengers on many ships, limited onboard spending in concessions, shore excursions and restaurants closed onboard due to lack of demand. High interest loans. Fuel costs, drydocking and refitting all of their fleet.. Having to re-crew, re-hire transport and train all the returning crew. It's not a pretty picture really. A lot of additional costs without the revenue coming in. Definitely a saturated market at the moment without the demand.