Spirit Aviation will arrange about 330 pilots to take leave in January next year.
Gelonghui October 31st | A spirit airlines spokesperson stated that around 330 pilots will be taking leave on January 31, 2025, as part of efforts to reduce costs and strengthen financial conditions. Despite strong travel demand, this ultra-low-cost airlines has been operating at a loss. The company has failed to report a profit in the past six quarters, raising investor doubts about its ability to manage upcoming debts. Last month, the airline had already arranged for 186 pilots to take leave. The spokesperson mentioned that the company will also demote 120 captains to first officers on January 31.
Express News | spirit airlines let more pilots take unpaid leave to reduce costs.
Spirit Airlines Furloughs More Pilots in Cost Cutting Effort -- Market Talk
Spirit Airlines to Furlough More Pilots - Report
Express News | Spirit Airlines to Furlough Approximately 330 Pilots, Effective Jan. 31, 2025, Says Company Spokesperson
What's Going On With Spirit Airlines (SAVE) Stock?