Spirit Airlines announced that it will defer deliveries of new Airbus planes and furlough about 260 pilots in an effort to boost liquidity. The decision comes after the failed merger with JetBlue Airways and challenges caused by engine recalls and shifting domestic demand.
Spirit said its aircraft deferral will boost its liquidity by about $340 million over the next two years.
The budget airline has also struggled because of a recall of Pratt engines for its Airbus planes and shifting domestic demand.said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity. Spirit said it will defer all Airbus planes it has on order that are scheduled for the second quarter of 2025 through the end of 2026 until as long as 2031. The budget airline said it would boost its liquidity by about $340 million over the next two years.
Spirit Airlines Aircraft Deliveries Furlough Airbus Planes Liquidity Merger Jetblue Airways Engine Recalls Domestic Demand
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