Hurricane Beryl Hits Cruise Stocks

Shares of cruise operators fell Monday as a Category 4 hurricane forced ships to reroute in the Atlantic Ocean, a potential early indicator of a dangerous hurricane season this year. 

Hurricane Beryl, reportedly the strongest hurricane on record to ever hit the Atlantic Ocean in the month of June, made landfall Monday in Grenada.

Some cruises slated to visit Caribbean islands are being rerouted, according to reports citing emails sent to customers. That could become a pattern this hurricane season, Royal Caribbean (RCL) Chief Meteorologist Craig Setzer warned Friday in a post on the social-media network X.

“The deep tropical Atlantic is very much alive very early in the season, and unfortunately is likely a harbinger of things to come this summer & fall,” Setzer wrote. 

Royal Caribbean shares sank more than 1.5% in Monday afternoon trading, while Carnival (CCL) fell nearly 5%, and Norwegian Cruise Line (NCLH) dropped about 5%.