Southwest says disasters will cut Q3 revenue by $100m

Southwest says natural disasters will cut $100m from Q3 revenue by causing the carrier to cancel about 5,000 flights. The airline said Thursday in a regulatory filing that a closely watched figure of revenue for every seat flown one mile will be flat to down 1% for the quarter, compared with a year earlier. Hurricane Harvey stopped flights at Houston's Hobby Airport, a major outpost for Southwest, for several days. Southwest flights were also canceled because of Irma and Maria in Florida and the Caribbean.<br/>