https://www.royalcaribbeanblog.com/2...l-cruise-ships
However, extending the outright ban on sailings is still being argued by the powers that be. Maybe the administration will again ignore the advice of the CDC so the industry can resume business, albeit with extensive restrictions and new expenses that will dramatically decrease their profit margins. But at least they would have some cash flow.
If the cruise industry can't get going again soon, I believe that many (most?) will be financially devastated - just like the movie theater industry. Cruise companies will experience Chapter 11 bankruptcies (like AMC), permanent closure of selected locations (Regal is in the process of this, and may announce that they are going to try to sell the business), Chapter 7 for small chains and single location theaters.
IMHO, if I were booked on a cruise for anytime in the future, I'd be taking the cash if it's cancelled. The offer of free bonuses and credits is worth pennies or nothing in a chapter 11.