Spirit Airlines plans layoffs of about 200 employees as part of its bankruptcy restructuring.

Spirit Airlines, in the midst of Chapter 11 bankruptcy, plans to lay off about 200 employees to cut costs and streamline operations. The airline aims to achieve $80 million in annual savings and expects to emerge from bankruptcy by the end of the first quarter. This follows failed merger attempts with Frontier Airlines and JetBlue, and challenges including a Pratt & Whitney engine recall and increased labor costs post-pandemic.

2 months ago
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