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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

‘If we sanitize, it will be fine:’ Cruise fans ignore U.S. warning against setting sail

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Francisco Alvarado
Francisco Alvarado
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Bloomberg
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Francisco Alvarado
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March 10, 2020, 5:40 AM ET
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At the world’s busiest cruise port, thousands of vacationers paid little heed to a government warning that Americans should avoid setting sail on the massive ships.

Passengers lined up at Norwegian Cruise Line Holdings Ltd.’s Miami terminal Monday to board the Norwegian Sky, with few expressing concerns about contracting the new coronavirus that’s infected more than 113,000 people worldwide.

Michelle Yaminitsky, a 20-year-old student at North Carolina State University, and three of her friends booked a five-day cruise to the Bahamas two months ago for their spring break vacation. Norwegian had offered them a credit to sail at a later date, but this was the only time they could all go together.

“We definitely heard a lot of criticism for going on it,” Yaminitsky said. “But we decided if we sanitize, it will be fine.”

The coronavirus has been stressing health systems around the world, pressuring economies and battering stock markets. Cruise lines have been slammed after more than 700 people on a Princess ship tested positive near Japan, while another that docked in California Monday had at least 21 cases. The U.S. State Department warned that citizens should avoid taking cruises, particularly those with underlying health conditions.

Carnival Corp. shares tumbled 20% amid a market rout on Monday, while Royal Caribbean Cruises Ltd. slid 26% and Norwegian plunged 27%. In less than two months, the three U.S.-based operators have lost about $47 billion in market value.

But the scene at PortMiami suggested that at least some cruise fans are undeterred by the virus.

At a passenger unloading zone across from the Norwegian terminal, baggage handlers were busy taking suitcases from travelers arriving in cars. Kevin Moore, a 46-year-old longshoreman, said PortMiami was busy as usual despite the government’s warning.

Still, there were precautions: When Moore came into work, he had to have his temperature taken before his shift began.

Alex Mrouge, 20, Albert Hilbert, 22, and Mike Williams, 22, also said they aren’t worried about the coronavirus as they waited to board the Norwegian Sky for a spring break trip.

Mrouge said as long as he avoids contact with a lot of people, he should be fine. “And if you do, wash your hands,” he said.

“Worse comes to worst, we get quarantined,” Hilbert said.

The prospect of a quarantine worries Ee Thao, a 35-year-old Norwegian Sky passenger from Minneapolis, who said staying on the ship for an extended period would be difficult since she and her husband wouldn’t be able to get home for their kids and work. Still, she wasn’t going to back out of the trip she had been planning for a year.

“I wasn’t too worried about the virus,” Thao said. “We were going to go regardless of what happened.”

More must-read stories from Fortune:

—How coronavirus is affecting the global concert industry
—Coronavirus is mutating: Chinese scientists find second strain
—Some of the most extreme ways companies are combating coronavirus
—How Europe is adapting to the coronavirus outbreak
—China’s box office was supposed to surpass North America’s this year.
—Growing coronavirus threat weighs on Apple
—Nearly half of American travelers are reconsidering their international trips due to coronavirus

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business.

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