Spirit Touts Progress in Bankruptcy Restructuring
The ultra-low-cost carrier said it has negotiated access to $475 million in new financing.
The ultra-low-cost carrier said it has negotiated access to $475 million in new financing.
The carrier’s chief commercial officer, Rana Ghosh, told employees on Friday that the carrier will suspend roughly 40 routes and exit two airports.
The ultra-low-cost carrier said the move is intended to bring staffing levels in line with its fleet size and anticipated flying schedule.
Spirit plans to slash capacity by about 25% this fall as part of its bankruptcy restructuring, a move that will likely trigger more layoffs at the struggling ultra-low-cost carrier.
A spokesperson told AirlineGeeks that the move is part of a broader shift to Burbank, California, where the airline recently announced new service.
After a long hiatus due to ongoing political tensions in many Middle East nations, European low-cost carriers are finally resuming flights to Jordan.
The order is valued at $4.4 billion at list prices, not including the optional aircraft. Deliveries are scheduled to begin in the first half of 2027.
Ultra-low-cost carrier Allegiant will shake up its network early next year with three additional routes and a brand-new destination.
Sun Country is set to deploy Boeing 737-900ERs within its scheduled network, joining the carrier’s existing fleet of 737-800s.
Avelo said that it closed on a new round of “significant” funding to help grow its scheduled passenger operations. A specific dollar amount was not disclosed.