business / employment
21 hours ago

Spirit Airlines Faces Uncertain Future with Job Cuts and Bankruptcy

Spirit Airlines Faces Uncertain Future with Job Cuts and Bankruptcy
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7 Highlights
  • Spirit Airlines cuts 200 jobs to save $80 million annually.
  • Chapter 11 bankruptcy filed by Spirit in November, $3B debt.
  • CEO Ted Christie announced layoffs in a memo to staff.
  • Job cuts affect various Spirit Airlines departments.
  • Blocked JetBlue merger complicates Spirit's recovery plans.
  • Past strategies included pilot furloughs, extended leave.
  • Spirit aims to exit bankruptcy by end of this quarter.
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