Spirit to Slash Capacity By 25%
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.
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 Spirit flight was repeatedly ordered to turn away from Air Force One earlier this week, with an air traffic controller admonishing the pilot.
United CEO Scott Kirby said Tuesday that the airline will not seek to acquire Spirit’s assets if the ultra-low-cost carrier ultimately goes out of business.
A U.S. bankruptcy court has given Spirit permission to tap $275 million in emergency funds as it prepares to restructure its business.
United announced Thursday that it is adding new routes and bolstering others, partly as an effort to poach customers from a struggling competitor.
Struggling ultra-low-cost carrier Spirit has engaged in high-level talks with rival Frontier, Bloomberg reported Thursday.
Struggling ultra-low-cost carrier Spirit has brought on outside advisers as it considers its options, including a possible second restructuring.
Ultra-low-cost carrier Spirit is facing mounting hurdles in its effort to fully rebound from bankruptcy and may be worse positioned than it was 10 months ago.
Allegiant’s move could be an attempt to muscle in on Spirit’s territory as the latter airline faces mounting financial challenges.
Ultra-low-cost carrier Spirit announced Tuesday that it will launch nonstop flights to two new destinations from its Fort Lauderdale hub.