NEW YORK: Spirit Airlines cut its revenue and margin forecast for the third quarter, as a resurgence in Covid-19 cases drags booking trends and staff shortages force the airline to operate fewer flights.
The company forecast a hit of about US$80mil (RM339.02mil) to US$100mil (RM423.78mil) to revenue, driving down its shares about 2% in extended trading, after adverse weather and airport staffing shortages forced it to cancel 2,826 flights between July 30 and Aug 9.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!