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Significant industry capacity increases together with ancillary pricing changes in the competitive environment are making it difficult to drive increased yields. In addition, the Company has eliminated charging for change and cancellation fees which is expected to be a headwind to revenue per passenger segment on a year over year basis for at least the remainder of 2024.
On July 19, 2024, the company canceled 470 flights as a result of the crowdstrike it outage.
The company estimates the negative impact to third quarter operating income related to this operational disruption was $7.2 million, primarily due to lost revenue.
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