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Earnings

Spirit Airlines expects its flights to be 70% full in fourth quarter

FILE PHOTO: A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. Picture taken December 6, 2019. REUTERS/Chris Helgren

(Reuters) - Spirit Airlines said on Thursday it expects its load factor for the fourth quarter to average about 70%, despite the slowdown in demand due to the COVID-19 pandemic.

The company said beginning with the period leading up to the Thanksgiving holiday, rising COVID-19 cases have led to fewer bookings and a rise in cancellations. (bit.ly/33F1tnf)

Reporting by Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri

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