In a memo to staff, Spirit Airlines CEO Dave Davis revealed plans for significant job cuts and a 25% reduction in flight capacity for 2024, following the airline's second bankruptcy. With negotiations underway and rising costs, the airline aims to stabilize its operations amid increasing competition.
Spirit Airlines is sounding alarms about its financial health, warning of going-concern doubts just months after emerging from bankruptcy. With weak domestic demand and operational uncertainties, the airline is making drastic cuts, including pilot furloughs, to conserve cash.
