Spirit Airlines to furlough hundreds of pilots to cut costs (updated)
30/10/2024 21:24
(Adds background details, quotes in paragraph 3-4)
CHICAGO, Oct 30 (Reuters) - Spirit Airlines SAVE.N
will furlough about 330 pilots on Jan. 31, 2025, a company
spokesperson told Reuters, as part of its efforts to cut costs
and shore up its finances.
This is on top of the 186 pilots who were furloughed last
month.
The ultra-low-cost carrier has been losing money despite
strong travel demand. It has failed to report a profit in the
last five out of six quarters, raising doubts about its ability
to manage looming debt maturities.
"We are implementing a series of cost savings initiatives
throughout our business, including a reduction in workforce, as
part of our comprehensive plan to return to profitability,"
Spirit's spokesperson said.
(Reporting by Rajesh Kumar Singh; Editing by Chris Reese and
Jamie Freed)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370;
Reuters Messaging:
rajeshkumar.singh.thomsonreuters.com@reuters.net))