Spirit Air says canceled flights cost $50M, hurt bookings
ABC News
Spirit Airlines is putting numbers on a damaging stretch of flight cancellations this summer
Spirit Airlines said Monday the cancellation of more than 2,800 flights over an 11-day stretch this summer cost the budget airline about $50 million in lost revenue and caused spending to soar. The airline said the service meltdown that started in late July and a rise in COVID-19 cases are causing more last-minute cancellations and softer bookings. Spirit said that it will reduce flights — it called the moves “tactical schedule reductions” — for the rest of the quarter, which ends Sept. 30. With all the cancellations, and now fewer flights for the next six weeks, Spirit estimated that its third-quarter revenue will range between $885 million and $955 million, or 4% to 11% below the same quarter in pre-pandemic 2019.More Related News