Spirit Airlines said Monday that the cancellation of more than 2,800 flights over an 11-day period this summer cost the airline about $50 million in lost revenue and led to increased spending. As a result, it will reduce flights – what it called “tactical schedule reductions” – for the remainder of the quarter, which ends Sept. 30.
With all the cancellations, and now fewer flights for the next six weeks, Spirit estimated its third-quarter revenue will range from $885 million to $955 million, or 4% to 11% below the same quarter in 2019 before the pandemic, Usa Today reported.
See also: SkyWest Airlines Orders 16 New E175 Aircraft for Operation with Delta.
Spirit the airline’s cancellation figures have returned to more normal levels. However, the company said that recovering from the downturn caused costs to rise.
The airline indicated that it paid to put some stranded passengers on flights operated by other airlines and covered their hotel stays. It also incurred higher labor costs, such as overtime.
CEO Ted Christie apologized for the outages, which affected tens of thousands of customers nationwide, while calling them atypical for the airline.
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