Over the past couple months, Spirit Airlines has announced increasingly high employee furloughs and even demotions as it fails to achieve profitability despite the financial “lifeline” it secured in late 2024.
The latest update is that 365 pilots will be furloughed in the first quarter of 2026 with 170 pilots being reduced in status, according to Reuters. The airline is also rejecting roughly 90% of the upcoming deliveries from its biggest aircraft lessor.
Spirit’s Roster Cuts Get Worse
The airline filed for bankruptcy for the second time in less than a year, this August. Company leadership reportedly stated that the carrier would need to reduce operating costs by $100 million per year to stabilize its business. The airline is also dropping large numbers of equipment and facilit