Spirit Airlines to Furlough Another 365 Pilots in Restructuring

Spirit Airlines to Furlough Another 365 Pilots in Restructuring

NEW YORK — Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as it makes larger cuts to its workforce as part of its restructuring efforts. After filing for bankruptcy in August for the second time in a year, the ultra-low-cost airline told the union representing its pilots that it wants to cut $100 million in annual spending on pilots to conserve cash. “As part…

US’s Spirit Airlines maps return to profitability for 2027

Spirit Airlines (NK, Fort Lauderdale International) expects to return to profitability in 2027 with a net profit of about USD219 million, after it revamps its business under Chapter 11 bankruptcy protection, reduces its fleet, halves costs, and rightsizes its employee headcount. The ultra-low-cost carrier said in a regulatory filing that the current Chapter 11 process is focused on fully transforming the company, ensuring a “viable go-forward bu…