This Covid-19 Pandemic is costing everyone business. I've known Mike a long time and love how he runs his boats. So, I communicated with him to find out why he's doing it this way. It makes sense... at least to me. Here are my takeaways from the interaction...
Like all of Scuba, these trips have a low ROI.
Trip insurance is supposed to cover these things. I was surprised to see the exclusions for pandemic.
Nautilus is dedicated to pay their staff for as long as they can. I'm sure it will be at a reduced salary but I didn't ask.
Nautilus has other monthly bills that they still have to pay.
40% is better than nothing. Way better. It's a high probability that you'll never get to use those who are offering 100% towards your next trip. That's almost guaranteed to bankrupt them.
There are lots of hard decisions being made around the world due to this pandemic. Mike is one of the most stand up guys in our industry. I like how he does things and will be on one his boats again, I am sure. I know this will not please many, but he wants to stay in business. The real issue is how the insurance companies have figured out a way to not pay. That's just horrid. I guess they don't want to go out of business either.