Oasis still coming to Bayonne??

[jbr5049]

TA got us a CP Balcony for $1400 w/ $500 Refundable Deposit, we then have a connecting room that was $300 with a Casino Offer for a Free Interior. 

 

Obviously it is a gamble if the sailing will happen, but I am very happy at 2 CP Balcony Rooms on Oasis this Sept for $1700.

[Milwaukee Eight]

1 minute ago, jbr5049 said:

TA got us a CP Balcony for $1400 w/ $500 Refundable Deposit, we then have a connecting room that was $300 with a Casino Offer for a Free Interior. 

 

Obviously it is a gamble if the sailing will happen, but I am very happy at 2 CP Balcony Rooms on Oasis this Sept for $1700.

Date?

[JAMESCC]

I didn't know you were allowed to post cruise fares or prices paid? We paid 1,355 for a CP Balcony for Sept. 6th. and that is for 3, 2 adults and 7 year old kid. That is why I'm praying we sail. That price is insane and we should have 900 in FCC's leftover. 

[Milwaukee Eight]

2 minutes ago, JAMESCC said:

I didn't know you were allowed to post cruise fares or prices paid? We paid 1,355 for a CP Balcony for Sept. 6th. and that is for 3, 2 adults and 7 year old kid. That is why I'm praying we sail. That price is insane and we should have 900 in FCC's leftover. 

Even if the price was doubled (~$2750), for 3 people is not bad. 

[Biker19]

11 hours ago, John&LaLa said:

The one I saw listed NJ as well though.

I thought there was one with no listing for NJ and had dates of Sep/Oct on it with Oasis listed next to PE?

[nemesees]

11 minutes ago, JAMESCC said:

I didn't know you were allowed to post cruise fares or prices paid? We paid 1,355 for a CP Balcony for Sept. 6th. and that is for 3, 2 adults and 7 year old kid. That is why I'm praying we sail. That price is insane and we should have 900 in FCC's leftover. 

what is a CP balcony?

[molly361]

Just now, nemesees said:

what is a CP balcony?

Central Park

[Cruise a holic]

Central Park view with balcony fine cabin, as long as not on the deck below the pool which can be noisy.  But I would wait until 2021.

[JAMESCC]

20 minutes ago, Milwaukee Eight said:

Even if the price was doubled (~$2750), for 3 people is not bad. 

When I replaced or rebooked our May cruise, cancelled by Royal obviously, the price was 1,791 which I was over the moon about. My TA emailed me out of the blue last week that Royal was running a new sale or program, forget how he put it, and the price dropped to 1,355 of which I almost fainted. I have a cabin number, an invoice and everything, Cabin 12597, but its just a long hold till FCC is issued so we can then apply FCC. I guess its a new thing Royal is doing because of all the craziness going on. 

Edited April 19, 2020 by JAMESCC

[Boyetter2013]

We are booked on the June 21 sailing on Oasis. I know it isn't going to go but I figured its a 25% return on the loan I am making to Royal as I will take the FCC. If by some stroke of luck it does sail, then we got a neighborhood balcony for just over a grand for 3 (plus taxes). I see it as a win/win either way.

[JAMESCC]

1 minute ago, Boyetter2013 said:

We are booked on the June 21 sailing on Oasis. I know it isn't going to go but I figured its a 25% return on the loan I am making to Royal as I will take the FCC. If by some stroke of luck it does sail, then we got a neighborhood balcony for just over a grand for 3 (plus taxes). I see it as a win/win either way.

A grand! A Grand you say? Holy cow! I am in awe!

[Boyetter2013]

2 minutes ago, JAMESCC said:

A grand! A Grand you say? Holy cow! I am in awe!

With discounts it was $341 each for me, wife and teen daughter plus taxes for a guaranteed neighborhood balcony. Its the last week of school up here, but since school is basically online I figured cutting the last week wont make a difference. Of course, I still have no belief it will actually sail.

[Iamcruzin]

29 minutes ago, Boyetter2013 said:

We are booked on the June 21 sailing on Oasis. I know it isn't going to go but I figured its a 25% return on the loan I am making to Royal as I will take the FCC. If by some stroke of luck it does sail, then we got a neighborhood balcony for just over a grand for 3 (plus taxes). I see it as a win/win either way.

Too bad there aren't more people like you willing to turn cash into 125% FCC. It there were they may have cash flow to refund cash deposits.  I bet if they drop those drink packages to $49 a day for those 2021 cruises there would be an influx of cash that they are guaranteed to keep at least until the beginning of the year. It would buy them time as things develop.

Edited April 19, 2020 by Iamcruzin

[Boyetter2013]

4 minutes ago, Iamcruzin said:

Too bad there aren't more people like you willing to turn cash into 125% FCC. It there were they may have cash flow to refund cash deposits.  I bet if they drop those drink packages to $49 a day for those 2021 cruises there would be an influx of cash that they are guaranteed to keep at least until the beginning of the year. It would buy them time as things develop.

We sail at least once a year so the risk : reward works for us. If by some craziness she does sail then it will be a great way to shake off the quarantine blues.

[B-52]

23 hours ago, Jimbo said:

 

People are pretty gullible they will continue to book cruises for 2020 when reallistically there are way to many guidelines for the cruiselines to achieve for that to ever happen this current year.

 

It's one thing to board the ship virus free but another thing when you go onto one of the foreign ports not to bring the virus back onto the ship and infect everyone and have a ship full of sick passengers.

 

It's a vicious cycle that won't be able to be handled without a vaccine that will help all ages, until then going to be really hard to control by cruiselines or any other entity,

 

It's  a really sad situation that we all have to understand and handle. Until that happen's going to be alot of unhappy people here on CC.

 

I have 2 cruises booked right now...September 2020 and September 2021..............when the time comes the September 2020 cruise will be moved to April 2022...........so that would mean 17 months and  24 months from now when there is a vacine available. I'm good with that.

Agreed....scanning all the latest posts, I also can't believe how gullible people are. More wishful and hopeful  than reality.  RCI is leading people on one month at a time to hold onto revenues, at the same time taking additional bookings, or offering FCC. Anything than give refunds for cancellations.    What else would you expect a large Corporation to do?
Come Jan-Feb it will be another month gone by, with another month canceled, RCI following the same playbook.

Edited April 19, 2020 by B-52

[Iamcruzin]

2 minutes ago, Boyetter2013 said:

We sail at least once a year so the risk : reward works for us. If by some craziness she does sail then it will be a great way to shake off the quarantine blues.

Do you know how much they are charging for drink packages, internet, and dining packages?

[rimmit]

13 minutes ago, Iamcruzin said:

Too bad there aren't more people like you willing to turn cash into 125% FCC. It there were they may have cash flow to refund cash deposits.  I bet if they drop those drink packages to $49 a day for those 2021 cruises there would be an influx of cash that they are guaranteed to keep at least until the beginning of the year. It would buy them time as things develop.

I originally was about to book a bunch of cruises just to get the FCC bonus,  but then backtracked as I am not sure what would happen if they went bankrupt.  The recent CDC requirements scared me off that idea.

 

I have since requested my refunds for any cruise that was eligible. If I knew with even 80 percent certainty they would cruise before they ran out of cash I’d do it.  However, given cruises will be the LAST thing to come back, and only after a vaccine has been able to be disseminated to the public I am very iffy if the cruise lines will survive.  The requirements the CDC has made on the cruise lines to start sailing, are incredibly stringent.  
 

I am sure they will not have 15-18 months of liquidity.  They have around 10-12 months now tapping many credit lines, but I am not sure how much credit left they can tap into if they get 8 months into this as if they get to that point they will be hurting so bad I can’t imagine they will be able to get many to give them any more credit.

[Boyetter2013]

4 minutes ago, B-52 said:

Agreed....scanning all the latest posts, I also can't believe how gullible people are. More wishful and hopeful  than reality.  RCI is leading people on one month at a time to hold onto revenues, at the same time taking additional bookings, or offering FCC. Anything than give refunds for cancellations.    What else would you expect a large Corporation to do?
Come Jan-Feb it will be another month gone by, with another month canceled, RCI following the same playbook.

I saw lots of people using the exact same word, "gullible", when the market was cratering 6 weeks ago and I was buying. Gullible would be giving RCL an interest free loan on the hopes a ship sails. Giving RCL a loan at a guaranteed 25% rate of return is a use of capital with a significant upside to downside ratio. But hey, to each their own.

[Boyetter2013]

11 minutes ago, Iamcruzin said:

Do you know how much they are charging for drink packages, internet, and dining packages?

its the normal, no discount pricing. Like 8.99 for soda, 28.99 for refreshment range of pricing.

[jptoz]

5 minutes ago, B-52 said:

Agreed....scanning all the latest posts, I also can't believe how gullible people are. More wishful and hopeful  than reality.  RCI is leading people on one month at a time to hold onto revenues, at the same time taking additional bookings, or offering FCC.   What else would you expect a large Corporation to do?
Come Jan-Feb it will be another month gone by, with another month canceled, RCI following the same playbook.

No risk, no reward, paid $6k for a Aquatheater suite for 4. I know probably wont sail. Not gullible at all, but willing to roll the dice. 

[Jimbo]

51 minutes ago, Boyetter2013 said:

With discounts it was $341 each for me, wife and teen daughter plus taxes for a guaranteed neighborhood balcony. Its the last week of school up here, but since school is basically online I figured cutting the last week wont make a difference. Of course, I still have no belief it will actually sail.

For that 6 day itinerary you are still over paying. Port Canaveral and Coco Cay, really?

[Boyetter2013]

4 minutes ago, rimmit said:

I originally was about to book a bunch of cruises just to get the FCC bonus,  but then backtracked as I am not sure what would happen if they went bankrupt.  The recent CDC requirements scared me off that idea.

 

I have since requested my refunds for any cruise that was eligible. If I knew with even 80 percent certainty they would cruise before they ran out of cash I’d do it.  However, given cruises will be the LAST thing to come back, and only after a vaccine has been able to be disseminated to the public I am very iffy if the cruise lines will survive.  The requirements the CDC has made on the cruise lines to start sailing, are incredibly stringent.  
 

I am sure they will not have 15-18 months of liquidity.  They have around 10-12 months now tapping many credit lines, but I am not sure how much credit left they can tap into if they get 8 months into this as if they get to that point they will be hurting so bad I can’t imagine they will be able to get many to give them any more credit.

The latest financials I saw showed they drew down on 3.5  billion of lines of credit and with everything shutdown have a estimated cash burn rate off about 110 - 150 million a month. See analyst notes below.

 

Royal Caribbean price target lowered to $62 from $66 at Nomura Instinet 04/08 RCL Nomura Instinet analyst Harry Curtis lowered the firm's price target on Royal Caribbean (RCL) to $62 from $66 and keeps a Buy rating on the shares. Based on the analyst's new cash burn and recovery forecasts for the cruise industry through 2023, he believes that Royal Caribbean, Norwegian Cruise Line (NCLH) and Carnival (CCL) have liquidity/borrowing capacity to survive "near-zero revenues" through Q1 of 2021. Curtis sees a low risk of bankruptcies for the group.

Read more at:
https://thefly.com/landingPageNews.php?id=3068926

[st5310]

My two cents, if I may.  I had one cruise cancel--May 10 Oasis, but I have 3 more scheduled for July on the Adventure.  As some of you have pointed out, those sailings will likely be cancelled as well.  I do have one great fear in this, and that is the possibility of bankruptcy.

 

I did some crude calculations.  If most people (including me) take the refund, the cruise lines will be required to dig into their stash of emergency funds (if such a stash even exists).  Let's say that 20,000 booked passengers request refunds amounting to an average of $1,000 per person, the cruise line will be paying out $20 million... and those numbers are highly conservative; depending on how long the crisis endures, those numbers could easily exceed $100 million by year's end.  With enormous investments tied up in bigger and more expensive ships under construction and the loss of major revenue along with millions in outgoing expenses (refunds), cruise lines will be hard-pressed to stay fiscally sound.  I hope Royal Caribbean can weather this storm, but if bankruptcy happens, there will be no refunds for any of us.

 

Please tell me I'm wrong.

[Ocean Boy]

But people continue to view their 125% FCC as a great investment

[Boyetter2013]

8 minutes ago, Jimbo said:

For that 6 day itinerary you are still over paying. Port Canaveral and Coco Cay, really?

Thanks for sharing. Your opinion is of great value to me.