June 3 (Reuters) - Spirit Airlines CFO Scott
Haralson is leaving the airline to join car rental company Hertz
Global Holdings ( HTZ ) as its finance chief, the companies said
on Monday.
Shares of both Spirit and Hertz were up over 2% in premarket
trading.
The transition at Spirit comes at a time when the carrier
has been losing money despite booming travel demand, raising
questions about its ability to manage debt that is due to mature
in 2025 and 2026.
The ultra-low-cost carrier, last month, forecast a loss for
the second quarter as its earnings continue to reel from the
grounding of a number of its aircraft, as well as bloated
industry capacity in key markets.
Meanwhile, Hertz is reported to be exploring options to
raise financing as it struggles with the EV rental business.
Haralson, who has held key financial roles at Dish
Network and Frontier Airlines, will join Hertz the end of June
and will succeed Alexandra Brooks.
Spirit named Brian McMenamy as its interim CFO effective
June 14, while it searches for a permanent replacement.
Hertz added its chief operating officer Justin Keppy would
resign from the company, effective June 3.