What cruise line went broke?

Boston-based Vantage Deluxe World Travel, a small cruise company that mostly catered to seniors, filed for bankruptcy Thursday after laying off nearly all of its 70 shoreside employees and stopping all its sailings. As of Thursday, the company retained just five employees, according to the bankruptcy filing.



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Royal Caribbean has a massive amount of debt on its balance sheet that it accumulated during the pandemic to stave off bankruptcy. At the end of Q2, the company had $18.7 billion in long-term debt and $1.7 billion in current debt (meaning debt due within 1 year).

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Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.

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The average RCL salary in the United States is $47,500 per year. RCL salaries range between $24,000 a year in the bottom 10th percentile to $90,000 in the top 90th percentile. RCL pays $22.84 an hour on average. RCL salaries vary by department as well.

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Expect Rougher Caribbean Seas in the North and East Rough Waters: When one body of water runs into another, waves tend to be higher and rougher. Although the Caribbean is generally known for smooth sailing, it can get choppy in areas where it meets up with the Atlantic Ocean.

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Corrections & Clarifications: In a previous version of this article, the name of the Swedish city of Gothenburg? was misspelled. The MV Astoria is the oldest cruise ship currently sailing, and Cruise and Maritime Voyages embraces the story of its vintage vessel.

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Best Luxury Cruise Lines
  • #1. Viking Ocean Cruises.
  • #2. Seabourn Cruise Line.
  • #3. Regent Seven Seas Cruises.


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Carnival Corporation & plc is the largest parent company, helping 283,633 cruise passengers to sail around the world. Royal Caribbean International is the largest cruise line in the world, welcoming 129,188 passengers onboard. Carnival Cruise Line and Royal Caribbean International boast fleets of 27 ships.

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That's why guests and travel experts continually recognize Royal Caribbean as the Top Cruise Line for families, Best Cruises for couples, and Best Cruise Line for first timers. And for 20 consecutive years, we've been voted Best Cruise Line Overall by Travel Weekly readers.

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Amsterdam's council has banned cruise ships from the city centre as the Dutch capital tries to limit visitor numbers and curb pollution.

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