Spirit Airlines said Monday that it is delaying Airbus plane deliveries and furloughing hundreds of pilots starting this fall to boost profitability and strengthen its balance sheet. The low-cost carrier said it reached an agreement with Airbus to "defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.
" Due to the deferrals, along with the grounded aircraft due to Pratt & Whitney GTF engine availability issues, the company said it plans to furlough approximately 260 pilots starting Sept. 1. Spirit has already entered into a compensation agreement with Pratt & Whitney regarding its GTF engines, which is also slated to improve Spirit's liquidity between $150 million and $200 million over the term of that agreement.
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