Spirit Airlines To Cut Jobs As It Plans To Reduce Capacity By 25% Amid Financial Woes: Report

Benzinga_recent_news09-18

Budget flight carrier Spirit Aviation Holdings Inc. FLYYQ is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes. The reduction comes as CEO Dave ...

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FLYYQ is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes.\nThe reduction comes as CEO Dave ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/09/47731358/spirit-airlines-to-cut-jobs-as-it-plans-to-reduce-capacity-by-25-amid-financial-woes-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4500","symbol_name":"航空公司","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/09/47731358/spirit-airlines-to-cut-jobs-as-it-plans-to-reduce-capacity-by-25-amid-financial-woes-report","article_id":"2568942613","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/09/18/Spirit-Airlines.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/25/09/47731358/spirit-airlines-to-cut-jobs-as-it-plans-to-reduce-capacity-by-25-amid-financial-woes-report","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2568942613","pubTimestamp":1758173520,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Budget airline Spirit plans to cut workforce and reduce capacity by 25% and focus on strongest markets amid second bankruptcy.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4500":"航空公司","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4008":"航空公司","SAVE":"Spirit Airlines","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4187":"航天航空与国防","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","UAL":"联合大陆航空","BK4516":"特朗普概念","BK4564":"太空概念","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4551":"寇图资本持仓"},"translate_title":"精神航空将裁员，计划在财务困境中减少25%的运力：报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAVE":1.5,"UAL":0.74},"content_text":"Budget flight carrier Spirit Aviation Holdings Inc. FLYYQ is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes.\nThe reduction comes as CEO Dave Davis, in an internal document obtained by CNBC on Wednesday, said that the company will cut capacity to focus on the airline's strongest markets. \"These evaluations will inevitably affect the size of our teams as we become a more efficient airline,\" Davis said in the document.\nSpirit did not immediately respond to Benzinga's request for comment.\nThe airline also stated in the report, saying that it was in talks with labor unions about potential job cuts. Some pilots have reportedly taken voluntary unpaid leave, the report says. The airline recently also announced furloughs and demotions of its pilots.\nThe news comes as the low-cost carrier recently filed for bankruptcy for a second time this year, following continued financial woes as the stock tanked. The company says it aims to shrink its fleet and projected a $257 million loss in June this year. Spirit has already maxed out its $275 million credit facility, with creditors demanding additional collateral.\nSpirit had emerged from its first bankruptcy, filed in March as the carrier converted the approximately $800 million debt into equity. However, it remained burdened with around $2 billion in debt and aircraft leasing expenses.\nElsewhere, pilots operating a United Airlines Holdings Inc. UAL aircraft were forced to perform an emergency landing at an airport in Japan recently after receiving a warning about a fire in the cargo hold. The emergency landing of the aircraft, a Boeing Co. BA 737, caused the aerospace company's stock to slip.\nCheck out more of Benzinga's Future Of Mobility coverage by following this link.\nRead Next:\nPhoto courtesy: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2568942613","isCrawlerRequest":true}