FILE PHOTO: A brand of low price service Spirit Airways is pictured on an Airbus airplane in Colomiers close to Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau/File Picture
(Reuters) – Spirit Airways (SAVE.N) on Friday lower its third-quarter outlook for a key income measure because it estimates an approximate $25 million hit on its gross sales, damage by a whole lot of flights cancellations attributable to Hurricane Dorian.
The corporate now expects third quarter unit income to fall between 2.5{5048a9ac22a95e6c0a00d427d71a0d7ff263f9d98391fe7073acb5a0aa0a3f48} and three.5{5048a9ac22a95e6c0a00d427d71a0d7ff263f9d98391fe7073acb5a0aa0a3f48} in comparison with its prior estimate of a decline of 1{5048a9ac22a95e6c0a00d427d71a0d7ff263f9d98391fe7073acb5a0aa0a3f48} to 2{5048a9ac22a95e6c0a00d427d71a0d7ff263f9d98391fe7073acb5a0aa0a3f48}.
The hurricane has led airline operators together with American Airways (AAL.O) and Delta Air Traces (DAL.N) to cancel 1000’s of flights throughout the US this week.
Dorian, which briefly made a landfall on the Outer Banks of North Carolina on Friday, is anticipated to convey tropical storm winds to Nantucket Island and Martha’s Winery, Massachusetts early on Saturday.
Reporting by Arundhati Sarkar in Bengaluru; Modifying by Shailesh Kuber