Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

FILE - A Spirit Airlines 319 Airbus approaches Manchester Boston Regional Airport for a landing, June 2, 2023, in Manchester, N.H. Spirit Airlines said it is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026. Spirit said Monday, April 8, 2024 that it came to an agreement with the European plane manufacturer to delay delivery of the planes until 2030 and 2031.

“Deferring these aircraft gives us the opportunity to reset the business and focus on the core airline while we adjust to changes in the competitive environment,” said Spirit President and Chief Executive Ted Christie. “In addition, enhancing our liquidity provides us additional financial stability as we position the company for a return to profitability.”

Finance Business FL State Wire Aerospace And Defense Industry Business

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquiditySpirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Dodge unveils the world’s 1st electric muscle car with 670hp, 260-mile rangeThe Dodge Charger, muscle car and cultural icon, has been reincarnated as the world's first electric muscle car.
Source: IntEngineering - 🏆 287. / 63 Read more »

Shiba Inu Skyrockets 260% as Over 31 Million Tokens DestroyedShiba Inu price has surged amid massive 260% rise in its burn rate
Source: Utoday_en - 🏆 295. / 63 Read more »

Car thief says he drove about 260 mph in Dallas crash that killed woman, affidavit saysA woman is dead and a man has been charged after a stolen car attempt in Dallas lead to a brutal crash early Sunday morning.
Source: NBCDFW - 🏆 288. / 63 Read more »

Rolls-Royce announces the 2024 Spectre electric ‘super coupe’ with 260 miles of rangeThe 2024 Rolls-Royce Spectre is the luxury automaker’s first electric vehicle. When it comes out in mid-2023, it will feature an estimated 260 miles of range and 577 horsepower.
Source: verge - 🏆 94. / 67 Read more »

Shiba Inu Burn Rate Skyrockets 260% as Over 31 Million Tokens DestroyedShiba Inu price has surged amid massive 260% rise in its burn rate
Source: Utoday_en - 🏆 295. / 63 Read more »