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Business

Delta says Hurricane Florence caused $30 million hit to finances

Floodwater from Hurricane Florence threatens homes in Dillon, S.C., Monday, Sept. 17, 2018. (AP Photo/Gerald Herbert)
Floodwater from Hurricane Florence threatens homes in Dillon, S.C., Monday, Sept. 17, 2018. (AP Photo/Gerald Herbert)
By
Oct 2, 2018

Delta Air Lines disclosed Tuesday that Hurricane Florence took a roughly $30 million hit on its finances.

The Atlanta-based airline said the September storm negatively affected its pre-tax income and drove its unit revenues down half a percentage point, according to an investor update filed with the U.S. Securities and Exchange Commission.

VIDEO: More on Delta Air Lines

VIDEO: Learn more about Atlanta-based Delta Air Lines with the AJC's "5 things to know" series.

The company still expects to report earnings of $1.70 to $1.80 per share for the third quarter ended in September.

Delta canceled more than 270 flights due to Hurricane Florence. Airports it serves in Charleston and Myrtle Beach, S.C. and Fayetteville, Wilmington, New Bern and Jacksonville, N.C. temporarily closed during the storm.

The airline also temporarily waived fees for checked baggage and pets in the cabin, capped certain fares during the hurricane and added flights for those evacuating the Carolinas.

During the storm, Delta had a $299 fare cap each way in coach class for flights to Atlanta from coastal cities in Georgia, South Carolina, North Carolina and Virginia. It had higher fare caps for flights from inland cities.

The airline also waived change fees for passengers who altered their travel plans in affected cities.

About the Author

As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.

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