(Bloomberg) -- Southwest AirlinesCo. said third-quarter sales will take a $100 million blow fromthis year’s devastating hurricanes and earthquakes.
About 5,000 flights had been canceled through Wednesday becauseof the natural disasters, the carrier said in a statement Thursday.Southwest also pared its outlook for revenue from each seat flown amile, saying the benchmark gauge would be little changed in thethird quarter even in a best-case scenario. Previously, it said thefigure would potentially increase “slightly.”
Natural disaster compounding other problems
The natural disasters are compounding other problems that haveweakened the financial outlook at U.S. airlines recently, includingfare battles, higher fuel costs and feeble demand for pricey,last-minute tickets. Delta Air Lines Inc., United ContinentalHoldings Inc. and American Airlines Group Inc. all lowered theirrevenue estimates earlier this month.
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