Spirit Airlines Inc. announced an extensive cost-cutting program, less than three months after its proposed combination with JetBlue Airways Corp. fell through because of antitrust concerns.
The airline will defer all its Airbus SE aircraft on order for delivery in 2025 and the following year, improving Spirit’s liquidity by about $340 million over the next two years, the carrier said in a statement Monday. The airline will also furlough 260 pilots from September 1, it said.
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