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Low-cost airline Spirit cuts 200 additional jobs under its bankruptcy plan

  • Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November.
  • The carrier said it expects to exit bankruptcy this quarter.
  • These efforts, along with our recent pilot furloughs, achieve our previously announced target of $80 million of annualized cost reductions.
  • The bottom line is that we need to run a smaller airline and get back on better financial footing.
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Bias Distribution

  • 59% of the sources are Center
59% Center
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