The cruise line closed three Florida ports over a weekend as the storm approached, and diverted six ships to deliver supplies to the Bahamas and evacuate people from Nassau. It also donated $1 million toward relief efforts.
“Hurricane Dorian had an unusual, one-time impact on our financial performance,” Royal Caribbean said in an earnings report. “These measures impacted 16 sailings and made this the most disruptive storm in the company’s history.”
The storm will cost the company around $30 million over all of 2019, the company said.
Despite the cost of Dorian, Royal Caribbean reported “record” third-quarter earnings — with GAAP earnings of $4.20 per share and adjusted earnings of $4.27 per share.
|RCL||ROYAL CARIBBEAN CRUISES||109.42||-3.85||-3.40%|
“Our business continues to thrive and exceed our expectations,” Richard D. Fain, chairman and CEO, said in a statement. “While Hurricane Dorian had a negative impact, stronger demand for our brands and our key itineraries exceeded our expectations. Excluding the hurricane impact, we are not only able to maintain our yield and earnings guidance, but to raise both slightly as a result of particularly strong performance in the US and China.”
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