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Earnings

Spirit abandons 2020 forecast due to coronavirus outbreak

FILE PHOTO: A Spirit Airlines Airbus A320-200 airplane sits at a gate at the O'Hare Airport in Chicago, Illinois October 2, 2014. REUTERS/Jim Young/File Photo

(Reuters) - Spirit Airlines Inc SAVE.N abandoned its annual forecast on Tuesday, joining a growing list of companies that have revealed the impact coronavirus was having on their 2020 earnings.

The company also said it would cut its April capacity by 5%.

Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber

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