Southwest Airlines expects to lose $100 million in revenue in the third quarter because of the recent spate of hurricanes, and has downgraded its unit revenue and cost guidance for the September quarter. In a filing with the US Securities and Exchange Commission (SEC), Southwest said it has canceled approximately 5,000 flights during the current quarter because of “impacts from the natural disasters.” Dallas-based Southwest has exposure to Texas, Florida and the Caribbean, ...

Subscribe to Access this Entire Article

"Southwest expects $100 million hit from hurricanes" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.