Carnival, Norwegian Cruise Line, Royal Caribbean — Shares of the major U.S. cruise operators moved higher on the back of optimism around additional fiscal stimulus. Carnival and Norwegian gained 2% each, while Royal Caribbean rose 1.2%.
www.cnbc.com/2020/10/07/...ed-airlines-levi-strauss-more.html
"Carnival said Thursday it is canceling sailings from all ports except its home ports of Miami and Port Canaveral, Florida. Carnival said it will focus its initial return to operations on those two ports, but it stressed that it still might not sail from those ports in November and December. ..Carnival’s announcement came a day after the U.S. Centers for Disease Control and Prevention extended a ban on large cruises in U.S. waters through Oct. 31. The no-sail order, initially issued in March, had been set to expire on Sept. 30.
eu.usatoday.com/story/travel/cruises/2020/...ises/5892742002/
As legislators battle over a potential bailout for the U.S. Postal Service – which is facing a $13 billion deficit and the loss of 600,000 jobs in light of the coronavirus pandemic – internationally-based Carnival Cruises just scored a reported $6 billion courtesy of bold new commitment from the Federal Reserve.
Keeping cruise lines afloat may appeal to the tens of thousands of Floridians who rely either directly or indirectly on the cruise industry for work,....
Keeping cruise lines afloat may appeal to the tens of thousands of Floridians who rely either directly or indirectly on the cruise industry for work,....Sanders’ dismay centers largely on the fact that the three biggest cruise lines – Carnival, Norwegian, and Royal Caribbean – are registered as foreign corporations. As such, while each has domestic offices, they are not subject to the standard 21% U.S. corporate tax rate.
So how did Carnival, which is registered in Panama, end up with billions of U.S dollars?
The cruise line, which reported hemorrhaging $1 billion a month after coronavirus docked their 28-ship fleet on March 13, subsequently announced plans to return to the high seas at the end of June.
Now, as Congress strategizes a third stimulus package, the question of whether to include international cruise lines – which support 421,000 U.S. jobs – must once again be addressed.
eu.usatoday.com/story/travel/cruises/2020/...-out/3054804001/