Hurricane Dorian did not just impact individuals and homes, massive companies were hit hard by the torrential storm coming up the east coast.
Spirit Airlines on Friday estimated a roughly $25 million hit on its sales following the cancellations of hundreds of flights due to Hurricane Dorian.
In financial estimates from the company, its third-quarter revenue is expected to decline in sales between 2.5 percent and 3.5 percent. This is compared to its previous approximation of a 1 percent to 2 percent decline, according to a Reuters report.
Spirit is not alone in taking a hit like this. Other airlines, including American Airlines and Delta Air Lines, have canceled thousands of flights due to the hurricane. The storm had its peak last week as a Category 5 storm.
The damage to business was intensified because of the storms timing over a holiday weekend. There were as many as 600 flights scheduled for Labor Day alone that were canceled, with the majority stemming from airports in Florida.
Dorian was weakened since it hit the Bahamas — where officials say at least 43 people have died as a result of the storm, as of Saturday morning. The hurricane made landfall on the Outer Banks of North Carolina on Friday.
The National Hurricane Center tweeted Thursday night that the wall of Dorian’s eye was “very near” Cape Fear, N.C.
Tropical storm winds were expected in Nantucket Island and Martha’s Vineyard in Massachusetts early Saturday. So this hurricane impacted a large swath across the eastern seaboard.
The effect it had on businesses like Spirit Airlines was significant. What do you think the ripple of this massive decline will be to consumers? Do you think we will see increasers in the costs of flights across the board with airlines? We look forward to seeing your comments on this issue in the section just below this article.