Cruise Lines Were Shut Out of the Coronavirus Stimulus. Here's Why [The New York Times]
Carnival Plc ADS ADS (CUK)
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Source: The New York Times
The Coronavirus Outbreakdebugid:204mentContinue reading the main storySupported byCruise Lines Were Shut Out of the Stimulus. Here’s Why.The hard-hit sector of the travel industry was left out of the $2 trillion stimulus package. Century-old tax provisions help explain what happened.The Carnival Liberty leaving Port Canaveral, Fla., on March 9. The major cruise lines were left out of the stimulus package.Credit...Joe Burbank/Orlando Sentinel, via Associated PressByJonathan WolfeApril 8, ,President Trump on March 27 signed into law the $2 trillion stimulus package designed to save millions of jobs and bail out companies devastated by the coronavirus. But when the dust settled, one hard-hit sector of the travel industry was left on the sidelines: the major cruise lines.Even politicians who demanded that the industry clean up its environmental record as a condition for receiving taxpayer funds were a little stunned by the news.“I have to admit I was surprised,” Senator Richard Blumenthal
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CUK
Earnings
- 3/27/24 - Beat
CUK
Sec Filings
- 12/20/24 - Form 8-K
- 11/14/24 - Form SC
- 10/31/24 - Form 4
- CUK's page on the SEC website