The consequences of Hurricane Dorian cost Royal Caribbean $ 27 million

In July, August and September, the total damage from Hurricane Dorian cost Royal Caribbean 27 million dollars, the company said. And this is not the final count. Despite such expenses, representatives announced a “record” profit for the third quarter.

Фото: Depositphotos

As the storm approached, the cruise line closed 3 ports in Florida and provided 6 ships to deliver cargo to the Bahamas and evacuate people from Nassau. Royal Caribbean also donated 1 one million dollars to help, writes Fox Business.

“Hurricane Dorian had an unusual one-time impact on our financials,” the Royal Caribbean earnings report said. “The storm touched 16 flights and became the most devastating in the history of the company.”

According to Royal Caribbean estimates, for the entire 2019 year, the consequences of the storm will cost approximately 30 million dollars.

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Despite the cash costs associated with Dorian, Royal Caribbean reported a “record” profit in the third quarter (4,20 dollars per share) and adjusted profit (4,27 dollars per share).

“Our business continues to thrive and exceed our expectations,” said Richard Fine, chairman and CEO of Royal Caribbean. “Although Hurricane Dorian had a negative impact, the higher demand for our brands and our key routes exceeded expectations.” Eliminating the impact of the hurricane, we can not only maintain our forecasts of profitability, but also slightly increase them as a result of particularly high rates in the US and China. ”

Recall: Hurricane Dorian hit the Bahamas in August, which resulted in the death of at least 61 people, the loss of several hundred people and damage in 7 billions of dollars.

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