Spirit slashing capacity, more jobs to go
Sprit Airlines is set to announce yet more job cuts and a big capacity downsizing as it struggles through a second bankruptcy reorganization in just a few months.
It is set to slash capacity by about 25% in November, the media reports, citing an internal memo.
More weaker performing routes will go it says.
The airline will ‘optimize our network to focus on our strongest markets’, CEO Dave Davis wrote in the memo.
“These evaluations will inevitably affect the size of our teams as we become a more efficient airline,” the memo added.
It didn’t give any indicated how many more jobs will be cut.
“Unfortunately, these are the tough calls we must make to emerge stronger. We know this adds uncertainty, and we are committed to keeping you as these decisions are made.”
That will likely become clearer soon as Davis said their will be union meetings in the coming weeks.
The budget carrier also continues to look at its fleet size and will likely offload more planes.
Spirit entered bankruptcy protection last month for the second time after the previous reorganization essentially failed.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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