Brief: Spirit Airlines Says On Track To Achieve $100 Million Of Annual Run-Rate Cost Savings

Spirit Airlines

01/08/2024 11:01

Aug 1 (Reuters) - Spirit Airlines Inc  SAVE.N :
    * SPIRIT AIRLINES REPORTS SECOND QUARTER 2024 RESULTS
    * SPIRIT AIRLINES: ON TRACK TO ACHIEVE $100 MILLION OF
ANNUAL
RUN-RATE COST SAVINGS
    * SPIRIT AIRLINES: TEMPORARILY SUSPENDING RECRUITMENT OF
PILOTS
AND FLIGHT ATTENDANTS AND RELATED TRAINING COSTS
    * SPIRIT AIRLINES - QTRLY ADJUSTED LOSS PER SHARE $1.44
    * SPIRIT AIRLINES: DEFERRED ALL AIRCRAFT ON ORDER WITH
AIRBUS THAT
WERE SCHEDULED TO BE DELIVERED IN Q2 OF 2025 THROUGH END OF 2026
TO 2030-2031
    * SPIRIT AIRLINES: RIGHT-SIZING OVERHEAD AND NON-CREW
OPERATIONAL
POSITIONS
    * SPIRIT AIRLINES: OFFERING VOLUNTARY UNPAID LEAVES OF
ABSENCES TO
FLIGHT ATTENDANTS
    * SPIRIT AIRLINES: REDUCING DISCRETIONARY CAPITAL SPEND
    * SPIRIT AIRLINES: FURLOUGHING APPROXIMATELY 240 PILOTS AND
DOWNGRADING APPROXIMATELY 100 CAPTAINS
    * SPIRIT AIRLINES - WILL CONTINUE TO AGGRESSIVELY MANAGE OUR
COSTS
    * SPIRIT AIRLINES - EXPECT TO END YEAR 2024 WITH OVER $1.0
BILLION
OF LIQUIDITY
    * SPIRIT AIRLINES - CLOSED ON DIRECT LEASE AND PRE-DELIVERY
PAYMENT TRANSACTION THAT RAISED, IN AGGREGATE, ABOUT $186
MILLION
    * SPIRIT AIRLINES: WILL AVERAGE ABOUT 20 AOG AIRCRAFT FOR
FULL
YEAR 2024
    * SPIRIT AIRLINES: INTENDS TO DISCUSS APPROPRIATE
ARRANGEMENTS
WITH PRATT & WHITNEY IN DUE COURSE FOR ANY SPIRIT AOG AIRCRAFT
AFTER DECEMBER 31

Source text for Eikon:  ID:nPn8mfRjwa 
Further company coverage:  SAVE.N 

 ((Reuters.Briefs@thomsonreuters.com;))