Low-cost airline Spirit cuts 200 additional jobs under its bankruptcy plan
- Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November.
- The carrier said it expects to exit bankruptcy this quarter.
- These efforts, along with our recent pilot furloughs, achieve our previously announced target of $80 million of annualized cost reductions.
- The bottom line is that we need to run a smaller airline and get back on better financial footing.
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Total News Sources0
Leaning Left5Leaning Right2Center10Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 29%
C 59%
12%
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