Hurricane Beryl tanks travel stocks

Travel-related stocks are falling on Monday as Hurricane Beryl makes landfall in the Caribbean. The storm’s arrival poses significant risks to both cruise operations and air travel in the region, contributing to investor concerns and weighing on the sector’s performance.

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This post was written by Angel Smith

Video Transcript

All right, let’s talk about travel.

Stocks are sliding today as hurricane barrel hits the Caribbean the Category four storm making landfall today, causing issues for cruises and for air travel.

When you take a look at the travel stocks, almost everything seems to be in the right.

We have a heat map there that will show you, uh, that has stocks under a tremendous amount of pressure today.

But we’ve got the cruise lines on your screen right now and you’re looking at pretty significant.

Drops Norwegian off just over 5.5 and Royal Caribbean off 1.5% Now.

This coming simultaneously, as you have the price of crude rising here on the threat of the hurricane just exactly what the damage could look like, what exactly the threat here could be to the US going forward and then, more specifically, how many delays or cancellations this is going to cause for so many of these travel names is the real reason why we have a tremendous amount of pressure on this sector today?

Yeah, Hurricane Barrage read reports today saying we could be looking at 1 billion in damages.

Um, and remember car what’s interesting.

Carnival only recently boosted its full year earnings outlook.

We talked about on the show.

The stock popped on that headline.

I think it was some, you know, enthusiasm for that.

What said about demand?

But you’re right to point out, you know, a number of names they did slip in today’s trade on that.