Published on : Thursday, September 14, 2017
American Airlines lowers the profits costs after Hurricane Irma devastated the entire area of Caribbean Island except Antigua. American Airlines had expected a third-quarter revenue increase of as much as 2.5 percent.
The Category 5 storm slammed into Florida with a speed of more than 160 kmph, killing many including the residents and the tourists, forcing all the airports to close temporarily, including Miami International Airport, the largest and an American Airlines hub of the Caribbean Islands.
In the previous month, American Airlines had anticipated that about third-quarter revenue for each seat flown, a key industry metric, to rise from 0.5 percent to 2.5 percent year over year.
American Airlines revised their revenue which is to flat year-over-year revenue growth to an increase of up to 1 percent.
This recent devastated storm, Hurricane Irma caused the closures at 40 airports in Florida and the Caribbean Islands, including the hub of American Airlines at Miami International Airport, and resulted in more than 5,000 flight cancellations.
American Airlines added that there is a fourth-quarter revenue growth, which would be higher than in the third quarter.
American Airlines have called off more than 14,000 flights because of Category 5 Irma, and have offered travel waivers and discounted fares to travellers trying to flee the storm or get home after it had passed.
By Tuesday, Miami International Airport was back up and running but not at full capacity.
Miami International Airport suffered some water damage and the blockages from Hurricane Irma over the weekend and was gradually restoring the services.