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Hurricane season in Atlantic forecast to be busy

Aug. 11, 2016 12:51 PM ETCarnival Corporation & plc (CCL) StockRCL, CCL, NCLHBy: Clark Schultz, SA News Editor5 Comments
  • The National Ocean and Atmospheric Administration raised its outlook for the hurricane season in the Atlantic. The agency expects the period running through November 30 to be the busiest for Atlantic hurricanes since 2012.
  • Forecasters assign a 70% chance of 12 to 17 named storms, of which 5 to 8 are expected to become hurricanes. There is only a 15% chance for a below-normal season.
  • Hurricanes have impacted earnings at Carnival (CCL +1.1%), Royal Caribbean (RCL +1.5%), and Norwegian Cruise Line Holdings (NCLH +2.5%) in the past, depending on timing and location.
  • Update NOAA forecast

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