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Southwest Air sees $100 million hit from hurricanes, earthquakes

About 5,000 flights had been canceled through Wednesday because of the natural disasters, the carrier said in a statement Thursday.

By Michael Sasso | Updated on September 28, 2017
Southwest said costs for each available seat flown a mile will increase 3% to 4% in the current quarter from a year earlier. (AP Photo/Ted S. Warren)

(Bloomberg) – Southwest Airlines Co. said third-quarter sales will take a $100 million blow from this year’s devastating hurricanes and earthquakes.

About 5,000 flights had been canceled through Wednesday because of the natural disasters, the carrier said in a statement Thursday. Southwest also pared its outlook for revenue from each seat flown a mile, saying the benchmark gauge would be little changed in the third quarter even in a best-case scenario. Previously, it said the figure would potentially increase “slightly.”

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