I made some money selling out of the money puts on NCLH this month at the lows. I can't see any of the cruise lines getting bailout money - the political blowback for giving tax money to companies that are clearly not essential and dont pay tax would be high. They can always take a trip through chapter 11 and swap new equity for debt, the ships would still be there...
Carnival just borrowed a boat load of money with double digit rates, plus sold shares. Because they have so many assets they might be able to keep borrowing and get through without chapter 11, hard to say. Ultimately it will depend how long this lasts.
https://ca.finance.yahoo.com/news/ca...115554938.html