Spirit

The carrier is currently restructuring its operations under the supervision of a U.S. bankruptcy court.

The airline will furlough pilots, reduce corporate staff, and shutter some facilities early next year.

The airline is currently restructuring after declaring bankruptcy in August.

The carrier had planned to take delivery of up to 62 aircraft.

If approved, the carrier could cut nearly 41% of its total fleet.

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.

Ultra-low-cost carrier Spirit is holding its ground against United following a hard-hitting series of comments from CEO Scott Kirby this week.