financetom
Business
financetom
/
Business
/
Spirit Airlines to furlough another 365 pilots amid restructuring
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spirit Airlines to furlough another 365 pilots amid restructuring
Oct 16, 2025 12:58 PM

NEW YORK (Reuters) -Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as it takes additional steps to rightsize its workforce as part of its ongoing restructuring efforts after the ultra-low-cost airline filed for bankruptcy for the second time in a year in August.

"As part of our ongoing restructuring, we are taking additional steps to align staffing across our organization with our previously announced capacity reduction and smaller operating fleet size," the company said in a statement. 

The company has previously furloughed about 330 pilots and plans to furlough another 270 pilots in November. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eldorado Gold Up 0.33% In US After Hours As Updates on Lamaque Complex Report
Eldorado Gold Up 0.33% In US After Hours As Updates on Lamaque Complex Report
Jan 27, 2025
05:39 PM EST, 01/27/2025 (MT Newswires) -- Eldorado Gold ( EGO ) was at last look up 0.33% in US after trade Monday -- having lost near 2.5% during regular hours -- as it shared results of an updated technical report for the Lamaque Complex. A statement noted this included an updated life-of-mine plan based on Mineral Reserves from Triangle,...
Apellis Pharmaceuticals' Geographic Atrophy Treatment Gets Approval From Australian Therapeutic Goods Administration
Apellis Pharmaceuticals' Geographic Atrophy Treatment Gets Approval From Australian Therapeutic Goods Administration
Jan 27, 2025
05:44 PM EST, 01/27/2025 (MT Newswires) -- Apellis Pharmaceuticals ( APLS ) said Monday that Australia's Therapeutic Goods Administration approved Syfovre for the every-other-month treatment of geographic atrophy in adults with age-related macular degeneration resulting in vision loss. The decision was supported by 24-month data from phase 3 studies, which showed that both monthly and every-other-month use of the treatment...
Akero Therapeutics Starts $300 Million Stock Offering
Akero Therapeutics Starts $300 Million Stock Offering
Jan 27, 2025
05:42 PM EST, 01/27/2025 (MT Newswires) -- Akero Therapeutics ( AKRO ) said Monday it has started an underwritten public offering of $300 million of shares, with J.P. Morgan, Morgan Stanley and Jefferies as book-running managers. The underwriters will be given a 30-day option to buy up to an additional $45 million of shares, the clinical-stage company said. ...
Heritage Bank to Open New Branch in Washington
Heritage Bank to Open New Branch in Washington
Jan 27, 2025
05:48 PM EST, 01/27/2025 (MT Newswires) -- Heritage Financial ( HFWA ) subsidiary Heritage Bank disclosed plans late Monday to expand its presence in Washington with a new branch in Spokane, subject to regulatory approvals. The unit also announced three senior appointments in the commercial team as part of the expansion. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved