During the Coronavirus Disease 2019 (“COVID-19”), the cruise industry has seen a sharp decline in demand, resulting in financial hardships. Throughout COVID-19, several cruise ships were stranded at sea, with confirmed COVID-19 cases on board. In addition, the Centers for Disease Control and Prevention (“CDC”) announced a “no sail order” as a means to suppress and control COVID-19. As a result, ideas commenced about a potential need to provide economic relief for the cruise line industry. However, many believe that the cruises are not an essential industry for which economic relief should be provided. For example, Alexander Holt of the National Review stated, “Should cruise lines be rescued, any remaining illusion that America remains a competitive capitalist economy will be broken. Not every company is worth saving, and especially not Carnival.” This raises the question: what should the cruise line industry do in order to prevent a financial demise? Hopefully, the answer does not entail an element of lying with regard to the severity of COVID-19.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on April 19, 2020. The original post can be accessed via the Archived Link button above.
Tsatskin, Alkesandr, "Norwegian Cruise Line (NCL): Will it Sink or Will it Swim Amidst Recent COVID-19 Class Action Lawsuit and Stock Volatility?" (2020). AELJ Blog. 239.