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Spirit Airlines to furlough hundreds of pilots to cut costs

2024.10.30 18:38

CHICAGO (Reuters) -Spirit Airlines 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.

© Reuters. A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.   REUTERS/Mike Blake/File Photo

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.



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