Hurricane Milton, a Category 4 storm with sustained winds near 145 mph, is expected to strike Florida's west coast on Wednesday, October 9, 2024. This severe weather event has led to widespread travel disruptions across the state.
Tampa International Airport suspended operations on Tuesday, and Orlando International Airport is scheduled to close on Wednesday. Carnival Cruise Line has issued warnings to customers, indicating that ports in Jacksonville, Tampa, and Miami are likely to close, necessitating changes to some cruise routes and destinations to avoid the storm.
These operational adjustments are a direct response to the hurricane threat, impacting cruise itineraries and potentially leading to financial headwinds for the affected period. Royal Caribbean Group's Q4 2024 Adjusted EPS guidance includes a $0.24 headwind, with one-third attributed to Hurricane Milton.
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