Spirit Airlines plans to sell 23 Airbus planes for $519m to improve liquidity and reduce capacity.
Spirit Airlines plans to sell 23 Airbus A320 and A321 aircraft for approximately $519 million as part of a strategy to improve liquidity and reduce flight capacity. This decision follows a notable decline in passenger numbers and aims to strengthen the airline's financial position amid ongoing industry challenges. Following the announcement, Spirit's shares rose by 9.5% in after-market trading.
October 25, 2024
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