Florida airports close as Hurricane Milton nears

Published On Oct 9, 2024, 10:21 AM

Florida's airports are closing temporarily as Hurricane Milton, a Category 4 storm, is forecast to make landfall on the Gulf Coast. Major airports including Southwest Florida International, Orlando International, and Sarasota Bradenton International are halting operations due to the threat of severe flooding and infrastructure damage. The closures follow the devastation caused by Hurricane Helene in September, which resulted in significant loss of life and economic impact in the region. Operations will resume once damage assessments are completed after the hurricane passes.

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Stock Forecasts

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Negative

Airlines and related services will experience a significant downturn due to the airport closures, and the economic impact could weigh on stocks related to travel and insurance. These companies may face increased costs for repairs and insurance claims after the hurricane.

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Positive

With ongoing hurricane losses and potential rebuilding efforts, companies in emergency supplies and home improvement (like Home Depot and Lowe's) might see increased business and growth as communities prepare for recovery.

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