Robert Kritzman is a corporate and transactional lawyer who has represented cruise lines and related businesses both in private practice and as a general counsel for more than 25 years. He provided this expert analysis exclusively to Seatrade...
Given the largely tax-exempt status of foreign-registered cruise lines, tax benefit opportunities in the US stimulus bill appear limited but may apply to payroll matters, Wells Fargo Securities said.
Cruise stocks were big gainers in Wednesday's market rally as US lawmakers and the Trump administration agreed on a $2 trillion coronavirus relief package.
US ports are open to returning ships, and passengers are able to disembark and fly home as confirmed by a National Interest Exemption issued by the Department of Homeland Security.
Monday update: Americans from Diamond Princess were flown out of Japan on two charter flights that left Tokyo this morning as confirmed coronavirus cases reached 451. Canada announced it would be repatriating its citizens on a charter flight, too.
