Delta takes a USD30 million hit from Hurricane Florence
Delta is bracing for a $30 million hit to its bottom line due to disruption caused by Hurricane Florence.
It represents a half percentage point dip on total revenue on each seat mile flown.
It caused a more than 3% dip in Delta’s share price.
The adjusted earnings will range from $1.70 – $1.80 a share in the third quarter, the airline said.
Last month’s hurricane caused Delta to cancel more than 270 flights throughout the Carolinas out of more than 3,500 flight cancellations across the industry.
Florence triggered widespread flooding and travel chaos across the U.S. Southeast and there is still lingering disruption at two airports.
The industry is contending with surging fuel costs which are up more than a third this year, and Delta is among airlines to have recently increased checked bag fees to offset rising operating costs.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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