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Image: UY VO on Unsplash
Royal Caribbean Group and Carnival Corporation suffered massive drops in revenue from 2019 second quarter with losses of 94% and 85% respectively. There is optimism, however, as cruise companies are betting on loyal customers' short term memories. They've responded and recovered from other outbreaks on ships by adjusting processes and people flow and this time will be different only because of heightened awareness.
The buffet line may disappear forever and move to a single direction lunch lady cafeteria model. This will put a major cramp in the cruisewear collection from the attic and vacationers will likely complain via their WiFi package on these ships designed to get away from everything.
RCL will open at 70.12 USD and CCL will start at 17.21 USD tomorrow.