Spirit Airlines sales to take $25 mln hit from Hurricane Dorian

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Most Read Spirit Airlines sales to take $25 mln hit from Hurricane Dorian Sept 6 (Reuters) – Spirit Airlines on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.The company now expects third…

Most Read Spirit Airlines sales to take $25 mln hit from Hurricane Dorian Sept 6 (Reuters) – Spirit Airlines on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.The company now expects third quarter unit revenue to fall between 2.5% and 3.5% compared to its prior estimate of a decline of 1% to 2%.The hurricane has led airline operators including American Airlines and Delta Air Lines to cancel thousands of flights across the United States this week.Dorian, which briefly made a landfall on the Outer Banks of North Carolina on Friday, is expected to bring tropical storm winds to Nantucket Island and Martha’s Vineyard, Massachusetts early on Saturday https://in.reuters.com/article/us-storm-dorian-usa/hurricane-dorian-hits-north-carolinas-outer-banks-idINKCN1VR0OK.(Reporting by Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber) 2019-09-06 23:01:40
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