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 ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Sandy's Indirect Impact May Cost Spirit About 10% Of Revenue".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.