Spirit Airlines to Furlough 330 Pilots Amid Financial Struggles

The airline aims to cut costs by $80 million as it faces mounting losses and looming debt maturities.

Spirit Airlines plans to furlough 330 pilots by January 31, 2025, as part of a broad cost-reduction strategy.
The move follows the furlough of 186 pilots last month and is part of efforts to address ongoing financial losses.
The airline has not reported a profit in five of the last six quarters, raising concerns about its financial stability.
In addition to furloughs, Spirit will downgrade 120 captains and sell 23 older Airbus aircraft to improve liquidity.
Spirit and Frontier Airlines are reportedly revisiting merger talks, following the collapse of Spirit's merger with JetBlue.