The coronavirus pandemic has claimed its first cruise line

[Yo_Mama_Been_Loggin]

Spanish cruise operator Pullmantur Cruises, which is partly owned by Royal Caribbean Cruises, has filed for reorganization under Spanish insolvency laws, Royal Caribbean Cruises said Monday.

Royal Caribbean Cruises owns 49% of the three-ship company, which caters to Spanish speaking vacationers from Spain and Latin America.

“Despite the great progress the company made to achieve a turnaround in 2019 and its huge engagement and best efforts of its dedicated employees, the headwinds caused by the pandemic are too strong for Pullmantur to overcome without a reorganization,” Pullmantur’s board of directors said in a statement.

In announcing the restructuring, Royal Caribbean Cruises said Pullmantur management notified employees of the decision after filings were made with Spanish authorities.

https://www.msn.com/en-us/travel/news/the-coronavirus-pandemic-has-claimed-its-first-cruise-line/ar-BB15PWUQ?li=BBnb7Kz&ocid=DELLDHP

[Stallion]

1. Reorganization

Pullmantur is where all RCCL and Celebrity Cruise Line's old ships go to live out their sunset years sailing in secondary markets like South America at reduced rates. Quite frankly since the cruise lines will want to pare down their fleets Pullmantur may be able to take advantage of that after Reorganization. The infrastructure quality of RCCL and Celebrity's older ships is quite high-much better than Carnival's which focuses more on the Fun-Ship concept and less infrastructure WOW