07:02 AM EDT, 07/02/2024 (MT Newswires) -- Spirit Airlines ( SAVE ) appointed aviation industry veteran Fred Cromer as its new chief financial officer.

The appointment, effective July 8, follows the departure of Scott Haralson who left the carrier last month to join rental car company Hertz Global (HTZ) as its finance chief. Cromer served as the president of Bombardier Commercial Aircraft from 2015 to 2020, and most recently was the chief executive of aviation technology company Xwing.

"Fred's extensive career in aviation and his proven track record of strategic financial leadership across all aspects of the industry bring valuable insights and expertise that will help us successfully evolve our business model as we navigate the changes in the demand environment," Spirit Chief Executive Ted Christie said in a statement. "Fred has significant experience leading companies through periods of substantial growth and transformation."

Spirit's interim CFO Brian McMenamy will remain in a senior finance role and work with Cromer for the transition, according to the airline.

Additionally, the company named Dana Alviene as senior vice president of inflight and airport experience, effective July 29, and promoted Tomas Ranaldi to vice president of financial planning and analysis, effective immediately. Alviene previously worked as senior vice president of customer experience at Colombian airline Avianca, while Ranaldi has served in various finance roles with Spirit since 2015.

Spirit last month postponed its analyst day from August to later in the year due to the timing of initiatives related to its go forward plan. The company said negotiations with holders of its loyalty bond and convertible notes due in September 2025 and May 2026, respectively, are "progressing as expected."

In March, JetBlue Airways (JBLU) terminated its proposed $3.8 billion acquisition of Spirit Airlines ( SAVE ).

Spirit's adjusted loss in the three-month period through March 31 widened to $1.46 a share from $0.82 a year earlier. Total operating revenue declined 6.2% to $1.27 billion. In April, it decided to postpone all Airbus plane deliveries and furlough pilots.

Price: 3.5300, Change: -0.01, Percent Change: -0.28