News and markets

Storm Charles disrupts Portugal: flights cancelled, Web Summit day 2 called off

Published November 11, 2026 · Updated November 11, 2026 · 4 sources

Storm Charles led Portugal to cancel over 200 flights and close schools, and Web Summit in Lisbon cancelled its second day, according to news reports.

The exposed companies and what ATLAS says about each

Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.

Delta Air LinesDAL

−0.90%

US airline; flight cancellations in Portugal from the storm affect transatlantic and European air travel networks. · Industrials

Delta Air Lines is a US airline, and flight cancellations in Portugal from the storm affect transatlantic and European air travel networks. Its close was $92.20 on November 10 and $91.37 on November 11, down 0.90% between the two closes, a coincidence in time and not a proven effect of the storm.

Price between closes
$92.20 $91.37Close of November 10 and November 11
Fair value (ATLAS)
$77.73Fair range: $49.71 to $92.14The price ($91.37) is 17.6% above that figure.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $84.38 and $98.44; 9 in 10, between $73.61 and $112.85.
Recent results (EPS)
  • Oct 91.72 actual vs 1.80 est.Fell short
  • Jul 101.56 actual vs 1.49 est.Beat expectations
  • Jun 181.58 actual vs 1.59 est.In line
  • Jun 90.22 actual vs 0.48 est.Fell short
Dividend
0.88% dividend yield
See the full ATLAS analysis of Delta Air Lines →

United AirlinesUAL

−1.58%

US airline with transatlantic routes; storm-related flight cancellations in Portugal may affect its European network. · Industrials

United Airlines is a US airline with transatlantic routes; it is included for its activity in the sector, not because the event affects it. Its close was $120.56 on November 10 and $118.65 on November 11, down 1.58% between the two closes.

Price between closes
$120.56 $118.65Close of November 10 and November 11
Fair value (ATLAS)
$178.13Fair range: $132.33 to $209.04The price ($118.65) is 33.4% below that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $107.65 and $129.24; 9 in 10, between $91.55 and $151.96.
Recent results (EPS)
  • Oct 202.54 actual vs 2.60 est.Fell short
  • Jul 151.99 actual vs 1.85 est.Beat expectations
  • May 26-0.05 actual vs -0.08 est.Beat expectations
  • Apr 211.19 actual vs 1.08 est.Beat expectations
See the full ATLAS analysis of United Airlines →

BookingBKNG

−1.40%

Online travel company; storm disruption may affect bookings and hotel stays in Lisbon and across Portugal. · Consumer Cyclical

Booking is an online travel company whose usual business includes bookings and hotel stays in Lisbon and across Portugal; it is included for its activity in the sector, not because the event affects it. Its close was $159.26 on November 10 and $157.03 on November 11, down 1.40%.

Price between closes
$159.26 $157.03Close of November 10 and November 11
Fair value (ATLAS)
$252.96Fair range: $179.38 to $356.72The price ($157.03) is 37.9% below that figure.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $144.85 and $169.31; 9 in 10, between $126.13 and $194.44.
Recent results (EPS)
  • Nov 34.66 actual vs 4.48 est.Beat expectations
  • Aug 42.54 actual vs 2.43 est.Beat expectations
  • Jul 280.89 actual vs 0.87 est.Beat expectations
  • May 80.13 actual vs 0.11 est.Beat expectations
Dividend
1.05% dividend yieldNext ex-dividend date: December 11, 2026 · 1.64 $ over the last 12 months
See the full ATLAS analysis of Booking →

ChubbCB

−0.72%

Property and casualty insurer with European operations; windstorm and flood damage in Portugal is an exposure for insurers. · Financial Services

Chubb is a property and casualty insurer with European operations, and windstorm and flood damage is a usual exposure for insurers; it is included for its activity in the sector, not because the event affects it. Its close was $369.11 on November 10 and $366.44 on November 11, down 0.72%.

Price between closes
$369.11 $366.44Close of November 10 and November 11
Fair value (ATLAS)
$367.21Fair range: $330.49 to $403.94The price ($366.44) is 0.2% below that figure: close to its fair value.
Chance of a rise in 1 month
53%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $355.26 and $381.09; 9 in 10, between $333.83 and $405.55.
Recent results (EPS)
  • Oct 207.66 actual vs 6.53 est.Beat expectations
  • Jul 217.26 actual vs 6.75 est.Beat expectations
  • Jun 11-0.09 actual vs -0.33 est.Beat expectations
  • May 80.13 actual vs 0.11 est.Beat expectations
Dividend
1.09% dividend yield
See the full ATLAS analysis of Chubb →

S&P 500 between the same closes (November 10 and November 11): 7,520.93 → 7,618.18 points, +1.29%.

What happened

Storm Charles has disrupted daily life in Portugal, with more than 200 flights cancelled and schools closed, according to a Reuters headline [4]. Web Summit in Lisbon cancelled its second day, citing risks including tidal flooding [2]. Shares of some travel and insurance companies are listed below as context.

A Reuters headline reports that Portugal cancelled more than 200 flights and shut schools as Storm Charles hit [4]. Another headline says Portugal shuts down as the storm approaches [3].

Web Summit, a technology conference that brings together over 70,000 attendees from more than 150 countries, cancelled its second day [2]. The organizers said the Government of Portugal formally advised that Day 2 should not take place because of risks from Storm Charles, including tidal flooding, severe disruption to public transport and the impact of high winds on external structures [2].

The organizers said the decision followed discussions with the Portuguese Government, the National Emergency and Civil Protection Authority (ANEPC) and the Public Security Police (PSP). Day 2 was set for Wednesday, November 11 [2].

Web Summit said it aims to proceed with Day 3 on Thursday, November 12 as planned, following the passing of the storm, and will monitor conditions and provide updates [2]. A further headline refers to Portugal and Web Summit weather [1].

What ATLAS data show

ATLAS model estimates are not promises. For Delta, the fair value estimate is $77.73 (range $49.71 to $92.14), with the price 17.56% above that value. For United, the estimate is $178.13 (range $132.33 to $209.04), with the price 33.39% below it. For Booking, the estimate is $252.96 (range $179.38 to $356.72), 37.92% below the price level. For Chubb, the estimate is $367.21 (range $330.49 to $403.94), with the price 0.21% below it.

A coincidence in time between two closes is not causality. The S&P 500 rose 1.29% between the same closes, from 7,520.93 to 7,618.18 points, so the declines may reflect many factors. Data come from closes and may change.

What you get with ATLAS

  • Fair value of each company, with its range, against today's price.
  • Chance of a rise in 1 month and the normal price range, from a calibrated model.
  • Earnings: next date, estimated EPS and surprise history.
  • Dividends and alerts by email when a company reports.
Create my ATLAS account →

Start in under a minute. Information, not advice.

Frequently asked questions

What happened to Web Summit because of Storm Charles?

Day 2, Wednesday, November 11, was cancelled after the Government of Portugal advised it should not take place. The organizers aim to proceed with Day 3 on November 12 [2].

How many flights were cancelled in Portugal?

A Reuters headline says more than 200 flights were cancelled and schools shut as the storm hit [4].

Did the storm cause the share price moves?

No link is established. The moves are changes between the closes of November 10 and November 11, shown only as context.

Sources

  1. Portugal Web Summit Weather · WV News
  2. Web Summit cancels day 2 due to Storm Charles and risks of tidal flood · Business Insider Africa · November 10, 2026
  3. Portugal shuts down as Storm Charles approaches · Fall River Herald News
  4. Portugal cancels 200-plus flights, shuts schools as Storm Charles hits · Reuters

Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 11, 2026. How we calculate fair value.

Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer

ATLAS Signals

ATLAS Signals, every week

The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.

By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy