The COVID-19 outbreak has laid waste to entire sectors of the global economy, but none faster than the cruise industry. The pandemic has basically shut down the cruise-ship business, with the three largest publicly traded cruise companies suspending some, if not all, of their operations.
Carnival, the world’s largest cruise operator, has been at the heart of the industry’s struggle against the coronavirus. COVID-19 has spread on ships across nearly half of its brands, infecting hundreds of passengers and killing others.
Shares of Carnival are down more than 80% in 2020 alone, and the company said in a securities filing that it couldn’t predict when any of its ships would begin to sail again or when ports would reopen.
Yet, time after time, Carnival has proven resilient, despite seemingly insurmountable setbacks. The company has experienced everything from norovirus outbreaks to fires and capsizes, and it’s still bounced back after every crisis.
Some experts say this time it’s…