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  • 2 days ago
Spirit Airlines will furlough 270 pilots this fall to align with a reduced off-season schedule as it works to regain financial stability, according to CNBC. Spirit Airlines will downgrade 140 pilots from captain to first officer effective October 1st, according to the Air Line Pilots Association. The carrier emerged from Chapter 11 bankruptcy in March and said the moves aim to “better align staffing with our flight schedule” during softer demand. Spirit is shifting toward more premium offerings to regain profitability after years of relying on low-cost tickets. The Air Line Pilots Association said the changes further erode pilot seniority and career value, calling the news “hard” for affected employees. The airline previously furloughed pilots ahead of its bankruptcy filing last year.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Spirit Airlines will furlough 270 pilots this fall to align with a reduced off-season schedule
00:07as it works to regain financial stability, according to CNBC.
00:10Spirit Airlines will downgrade 140 pilots from captain to first officer,
00:14effective October 1st, according to the Airline Pilots Association.
00:18Carrier emerged from Chapter 11 bankruptcy in March,
00:21said the moves aimed to better align staffing with our flight schedule during softer demand.
00:25Spirit is shifting towards more premium offerings to regain profitability
00:28after years of relying on low-cost tickets.
00:31The Airline Pilots Association said the changes further erode pilot seniority and career value,
00:35calling the news hard for affected employees.
00:38Airline previously furloughed pilots out of its bankruptcy filing last year.
00:41For all things money, visit Benzinga.com.

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