Kobe cruise ship operator goes bankrupt due to virus cancellations

Nice one from Tom re empty seats.

Long before coronavirus, in the days when there were often whole rows of empty 4 wide centre seats at the back of UK-Japan or vv flights, I used to snaffle a row of four, put on a mask and loudly sneeze and clear my throat whenever someone apprached the other three seats. It worked a treat - no-one ever tried to take them. Up with the arm rests - a bit of judicious repositioning of the safety belts - and one had a lie flat bed for the entire journey.

Rather than a cause, the latest outbreak serve as the "last straw" as many other businesses, especially small-to-medium sized ones had already been on the brink suffering the loss due to an emerging economic recession or negative outlook. Other structural factors such as labor shortage also count. A consumption tax hike imposed late last year hit hard B2C businesses. Without proper responses, Covid-19 could ruin socioeconomic foundations if not killing many people.

It is actually pleasurable to train ride this past week. I now have whole sections to myself rather than the two empty seats right and left of me.

People who say things like 'they should have had cash flow' are idiots. It is like someone who does not have children telling someone how to raise kids. Every business is NOT in the best of shape because of various personal and business circumstances.

That's the perfect analogy. Everything is neatly cut and dry to people who have never actually done it.

My company and many others are still blaming the Lehman Brothers collapse 12 years after the fact, as reasoning for lower wages, lower bonuses, bla bla bla. Lucky for them they can now use the Coronavirus for the next 12 years!

People who say things like 'they should have had cash flow' are idiots. It is like someone who does not have children telling someone how to raise kids. Every business is NOT in the best of shape because of various personal and business circumstances. It sounds nice on paper to have such funds but the reality of it usually is not happening. My company also is in trouble because of this with over 85% cancellations. Business is rough and my heart goes out to them and any of the other businesses suffering at this time.

This is sad. I love this cruise. I've been on it several times with my wife and children. The evening dinner cruise is really a nice place to go on a date with your wife.

Thats why its important to keep cashflow in check and have a reserve for 6-12 months worth of working capital .Just taking on a pile debt and hoping for constant cash flows will fail during emergencies such as this.

Thanks China!