Spirit

Should a transaction be finalized, Frontier and Spirit would become the fifth-largest U.S. airline with plans to serve 100 million passengers per year. 

Spirit is reducing its workforce even more, according to a Wall Street Journal report. The ultra-low-cost carrier plans to cut 200 jobs in various departments.

In its latest cost-cutting move, ultra-low-cost carrier Spirit has phased out its remaining two Airbus A319 aircraft earlier than planned.

The airline – which began flying in 2011 – operates a fleet of all-turboprop aircraft from Fort Lauderdale, Orlando, San Juan, and Tampa.

The ultra-low-cost airline has rapidly scaled down its fleet in recent months, which included the sale of 23 Airbus jets.

Spirit and Frontier’s survival may very well depend on another merger attempt, says longtime airline founder David Neeleman.

Spirit expects shareholders will lose their investments during its Chapter 11 bankruptcy restructuring deal with bondholders.

The ultra-low-cost carrier – which filed for bankruptcy protection in November – has aggressively scaled back capacity into 2025.

Spirit commercial chief Matthew Klein said Wednesday that other airline CEOs were “trying to put [Spirit] out of business.”

Spirit reported a net loss of $308 million for the quarter ending Sept. 30, 2024, according to a Monday filing with the SEC.