Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble


A Spirit Airlines plane at New York’s LaGuardia Airport

Leslie Josephs/CNBC

Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November.

“We are executing on plans to rightsize our organization to align with our current fleet size and level of flying and ultimately optimize our airline,” the airline told CNBC in a statement. “After reviewing our organizational structure, we have made the difficult decision to eliminate approximately 200 positions from various departments across the airline.”

Read more CNBC airline news

The Dania Beach, Florida-based airline had previously furloughed hundreds of pilots and offered flight attendants leaves of absence to try to reduce costs. It has also shrunk its network and reached deals to sell some of its Airbus jetliner fleet to raise cash.

The airline has struggled since its planned merger with JetBlue was blocked by a federal court on antitrust grounds a year ago, adding to struggles that also included a Pratt & Whitney engine recall and a surge in labor costs after the pandemic.

“While we will continue to identify additional operational efficiencies, these efforts, along with our recent Pilot furloughs, achieve our previously announced target of $80 million of annualized cost reductions,” Spirit said. “These decisions are never made lightly, and we are committed to treating all impacted Team Members with the utmost care and respect.”

The carrier said it expects to exit bankruptcy this quarter.



Source

How the ultra wealthy travel in Madrid
Travel

How the ultra wealthy travel in Madrid

Madrid welcomes 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now. In this episode of ‘First Class’, CNBC opens doors to hotels designed for royalty, how the uber-wealthy eat and shop, and we meet the people behind Madrid’s A-list experiences. […]

Read More
Thailand-Cambodia border clashes: Cambodia’s economy has more to lose, analysts say
Travel

Thailand-Cambodia border clashes: Cambodia’s economy has more to lose, analysts say

A Cambodian BM-21 multiple rocket launcher returns from the Cambodia-Thai border as Cambodian and Thai troops exchanged fire in a new round of clashes in Preah Vihear province on July 24, 2025. Str | Afp | Getty Images The escalating conflict between Thailand and Cambodia could have a negative impact on their tourism-dependent economies, but […]

Read More
India resumes issuing visas to Chinese nationals after a 5-year freeze
Travel

India resumes issuing visas to Chinese nationals after a 5-year freeze

India has resumed issuing tourist visas to Chinese citizens for the first time in five years starting Thursday, according to a Weibo post by the Indian embassy in China on Wednesday, marking a significant step in de-escalating tensions between the two countries. Tensions between China and India escalated after their military clashed in June 2020 over […]

Read More