(Reuters) – Spirit Airlines (N:) 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 (O:) and Delta Air Lines (N:) 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.
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