Spirit Airlines Defers Airbus Deliveries, to Furlough Pilots [BNN Bloomberg (Canada)]
AIRBUS SE UNSP/ADR (EADSY)
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Source: BNN Bloomberg
The airline will defer all its Airbus SE aircraft on order for delivery in 2025 and the following year, improving Spirit's liquidity by about $340 million over the next two years, the carrier said in a statement Monday. The airline will also furlough 260 pilots from September 1, it said. “Deferring these aircraft gives us the opportunity to reset the business and focus on the core airline while we adjust to changes in the competitive environment,” Chief Executive Officer Ted Christie said in the statement. Spirit is working to shore up its finances after its scuttled merger with JetBlue after a federal court blocked the transaction. The carrier has bled cash over much of the past two years as it contended with the uneven demand, engine issues and higher costs plaguing the US domestic market. The airline announced an order for 100 Airbus A320neo aircraft in October 2019, with an option for 50 more units, most of which are yet to be delivered. The plane is the most popular commer
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