Sept 17 (Reuters) - Spirit Airlines is set to cut jobs
as the airline plans to reduce capacity by 25% year-on-year in
November, according to a memo seen by Reuters on Wednesday,
deepening woes for the low-budget carrier.
The cut by the airlines aims to "optimize our network to
focus on our strongest markets", CEO Dave Davis told employees
in the memo.
"These evaluations will inevitably affect the size of our
teams as we become a more efficient airline," the memo said. The
number of roles that could be impacted remains unclear.
The low-cost carrier continues to evaluate the size of its
fleet and plans to meet with the airlines' union leaders in the
coming weeks, according to the memo.
CNBC earlier reported the restructuring plan.
Spirit filed for bankruptcy protection last month for the
second time in a year after a previous reorganization failed to
put it on a firmer financial footing.
Spirit's financial struggles, as well as a rush among U.S.
carriers to chase premium travelers, have raised concerns that
the era of cheap flights might be over for price-conscious
travelers.
Earlier on Tuesday, United Airlines ruled out
bidding for assets of Spirit if they become available, which is
expected as part of the discount carrier's restructuring
process.