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The unions representing Spirit Airlines pilots and flight attendants said on Tuesday that they have reached an agreement with the company for pay and benefits cuts as the carrier tries to rein in costs as part of its ongoing Chapter 11 restructuring process.
Over the last year, Florida-based budget airline Spirit Airlines has faced challenges serious enough to cast its entire future into doubt. After claiming that it has fully emerged from a bankruptcy for which it filed in November 2024, Spirit Airlines refiled for Chapter 11 protection in August ...
Spirit Airlines said on Friday it has reached tentative deals with unions representing its pilots and flight attendants that would involve some contract concessions, as the carrier tries to rein in costs as part of its ongoing Chapter 11 restructuring process.
With the losses Spirit incurred in 2025 estimated to reach $804 million, the low-cost airline has been making desperate efforts at cost-cutting since filing for bankruptcy for the second time within nine months. Over the last week, two senior executives overseeing budget and human resources left ...
Spirit Airlines said on Wednesday it would cut about 150 salaried roles, and discontinue service at five airports, including Milwaukee and Phoenix, by January as the low-cost carrier aims to turn itself around.
Spirit Airlines to cut about 150 jobs in turnaround effort
Image source: The Motley Fool.DATEFriday, Oct. 31, 2025 at 10:00 a.m. ETCALL PARTICIPANTSChief Executive Officer — Edward Baltazar PitoniakPresident and Chief Operating Officer — John PayneChief Financial Officer — David Andrew KieskeChief Accounting Officer — Dave WashermanSenior Vice President of Capital Markets — Moyer McCluskeyExecutive Vice President, General Counsel and Secretary — Samantha Sacks GallagherChief Investment Officer — Gabriel F. WassermanNeed a quote from a Motley Fool a...
While the full picture of just how much travel into the United States has fallen under the Trump administration will become clearer when the numbers for all of 2025 are calculated, one city on the west side of the country has seen a particularly dramatic dropoff. The most recent numbers released by ...
Amid increased competition for the same travelers, several low-cost airlines have tried to attract high-spending customers with more premium options. Although this did not help save it from two bankruptcies within nine months of each other, Florida budget carrier Spirit Airlines replaced its ...
It has not been the easiest year to be a low-cost airline. In September, Spirit Airlines has filed for bankruptcy for the second time in nine months, while Scandinavian carriers Play and Braathens shut down operations entirely and left thousands of travelers stranded across different airports in ...
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 takes additional steps to rightsize its workforce as part of its ongoing restructuring efforts after the ultra-low-cost airline filed for bankruptcy for the second time in a year in August.
While 2025 brought with it the high-profile bankruptcies of airlines such as Play and Spirit Airlines, many companies running tours and travel packages faced an even tougher time due to lower demand and high number of competitors operating in given markets. In June, British travel company Great ...
Spirit Airlines will get a $475 million lifeline from its bondholders and another $150 million from an aircraft lessor.
Low-cost carrier Spirit Airlines is using bankruptcy tools to eliminate unprofitable routes and reduce its network footprint, CFO Scott Cramer says.
Spirit Airlines makes a critical restructuring move as route cuts, competition, and market pressures intensify.
Spirit Airlines has reached an agreement with some of its debtholders for up to $475 million in debtor-in-possession financing.
Spirit Airlines gets up to $475 million financing amid bankruptcy process
The low-cost airline will run its last flights into two more cities by October 31.
Spirit Airlines will suspend 40 routes in its November schedule and has hired former Amazon executive Andrea Lusso as vice president of network planning, according to a memo seen by Reuters.
Spirit said it is halting 40 routes to focus on stronger markets.
Spirit is planning to cut 1,800 flight attendants as it struggles to cut costs in bankruptcy.
Spirit Airlines preparing to furlough one-third of its flight attendants, WSJ reports
Spirit Airlines’ unions warn members of more pain amid second bankruptcy
Unions for flight attendants and pilots working for Spirit Airlines are warning members of further pain during the budget carriers second bankruptcy in a year, as it steps up cost-cutting efforts, according to memos seen by Reuters.
Spirit Airlines makes deeper cuts as it fights to survive a second Chapter 11 bankruptcy.
Spirit Airlines is set to cut jobs as the airline plans to reduce capacity by 25% year-on-year in November, according to a memo seen by Reuters on Wednesday, deepening woes for the low-budget carrier.
Spirit Airlines is dramatically reducing options for flyers.
Spirit Airlines is furloughing pilots and preparing for more flight cuts.
Spirit emerged from Chapter 11 bankruptcy in March and has been trying to win over customers with more upscale travel options.