Delta Expects $30 Million Hit on Hurricane Florence Flight Cancellations
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Delta Air Lines Inc. is taking a $30 million blow from Hurricane Florence.
The hit to pretax earnings amounted to a 0.5 percentage point drag on total revenue for each seat flown a mile last quarter, the Atlanta-based airline said Tuesday in a statement. The closely followed financial gauge probably climbed about 4 percent to 4.5 percent last quarter, the company said. The midpoint of the previous forecast was 4.5 percent.