Categories: व्यापार

Spirit Airlines to furlough another 365 pilots in restructuring

By Doyinsola Oladipo NEW YORK (Reuters) -Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as it makes larger cuts to its workforce as part of its restructuring efforts. After filing for bankruptcy in August for the second time in a year, the ultra-low-cost airline told the union representing its pilots that it wants to cut $100 million in annual spending on pilots to conserve cash. "As part of our ongoing restructuring, we are taking additional steps to align staffing across our organization with our previously announced capacity reduction and smaller operating fleet size," the company said in a statement.  With voluntary attrition, the estimated furloughs are likely to decrease over the next several weeks, Spirit COO John Bendoraitis told employees in a memo seen by Reuters. The company will open the bid at the end of November.    Spirit previously furloughed about 330 pilots and plans to furlough another 270 in November. It has also decided to furlough approximately 1,800 flight attendants, about one-third of its cabin crew, effective December 1. The Florida-based airline said there will also be reductions across its corporate teams and it plans to make volume-based staffing adjustments across its maintenance stations. The carrier will close its maintenance stations and warehouse operations in Baltimore and Chicago effective January 1, 2026. Spirit said in a filing that the furloughs are expected to save the company $211 million. Spirit estimated it would incur losses of $804 million in 2025. It said its transformation plan to return to profitability in 2027 requires it to reduce its network in 2026.  (Reporting by Doyinsola Oladipo in New York and Rajesh Kumar Singh in Chicago; editing by Diane Craft, Deepa Babington and David Gregorio)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

Don't have crushes? Don't feel butterflies? Maybe you're aromantic

Berlin (dpa) - Having someone you share a special emotional bond with, walk hand in…

2 days ago

Serve scallops with leeks over parmesan quinoa

Donville-les-Bains (dpa) – Try this delicious recipe for scallops, created by a Normandy restaurant famous…

2 days ago

Recipe: Pumpkin risotto with green beans and semi-dried tomatoes

Berlin (dpa) - The great thing about pumpkin is that it's incredibly versatile in the…

2 days ago

रबी 2026–27: पानी की उपलब्धता और खेती की आर्थिक स्थिति तय करेगी फसलों का चुनाव और इनपुट की मांग

उदय राज आनंद, सीईओ – डोमेस्टिक बिजनेस, पारिजात इंडस्ट्रीज  नई दिल्ली, 21 अक्टूबर: खरीफ़ सीजन के बाद, भारत का…

3 days ago

Creatine isn't just for athletes. Here's who should be taking it

Los Angeles (tca/dpa) - My boyfriend turned 50 this year. He didn't buy an expensive…

3 days ago

Late-night meals and snacks linked to liver disease in new study

Los Angeles (PA Media/dpa) - People have long been warned that eating late at night leads…

3 days ago