Spirit Airlines to furlough 260 pilots, defer Airbus plane deliveries to help liquidity [USA TODAY]
Spirit Airlines, Inc. (SAVE)
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Source: USA TODAY
Spirit Airlines said they will furlough pilots and delay deliveries of new Airbus planes to improve its liquidity. The budget airline announced on Monday that it reached an agreement with Airbus to defer all aircraft on order scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030 and 2031. The move is projected to improve the airline's liquidity by approximately $340 million over the next two years, according to the press release. Spirit Airlines set to furlough pilots The airline said it will also furlough approximately 260 pilots effective September 1, 2024, due to the aircraft deferrals and Pratt & Whitney Geared Turbofan (GTF) engine availability issues. Ryan Muller, head of Spirit's pilot union, said the airline has more pilots than its operations require. The union is exploring voluntary measures to reduce the need for furloughs and downgrades, he said. Spirit Airlines to delay delivery of new Airbus planes A snag with Pratt & Whit
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