Spirit Secures Next $100M, Hints at Possible New Direction
Some funding will be conditioned on the carrier’s progress in restructuring, or reaching a “strategic transaction.”
Some funding will be conditioned on the carrier’s progress in restructuring, or reaching a “strategic transaction.”
Airline founder says a merger could provide needed scale for both carriers.
The Minneapolis-based carrier will establish the base to support cargo and future network growth.
The carrier’s latest network expansion connects seven airports.
The carrier is looking to slash around $100 million in costs associated with its pilot contract.
The carrier will expand its network with 30 routes starting next year.
The airline’s director of network planning said the next-generation jet will allow for a return to the West Coast.
Carrier posts $317 million loss and warns it may not remain a going concern within one year.
The airline is dropping three yet-to-launch routes following Alaska’s move into the same markets.
The ultra-low-cost carrier continues trimming its network as it adjusts to a smaller fleet and ongoing bankruptcy proceedings.