Hurricane Sandy directly cost Spirit Airlines about $3 million in lost revenue because of flight cancellations, but the low-cost carrier estimates the natural disaster will cost it an additional $30-$35 million because New York and Atlantic City-area customers are focused on recovering from the damage instead of traveling. That is a sizable hit for an airline that reported about $342 million in operating revenue for the third quarter. Spirit’s business model is built on stimulating ...
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