Spirit Airlines will furlough 330 pilots starting January 31, 2025, to cut costs amid losses.

Spirit Airlines plans to furlough 330 pilots starting January 31, 2025, as part of an effort to cut costs amid ongoing financial struggles. The airline has reported losses in five of the last six quarters, prompting a $80 million cost reduction plan that includes selling 23 Airbus aircraft and cutting flight capacity by 20%. Additionally, 120 captains will be demoted to first officers. The airline's recent merger talks with JetBlue have also collapsed.

October 30, 2024
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