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☆ Spirit Airlines furloughs 260 pilots to save money
▼ + stars: | 2024-04-08 | by ( ) edition.cnn.com time to read: +2 min

CNN —Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. “[The] aircraft deferrals and pilot furloughs look positive, in terms of helping the carrier to reduce [or] defer some costs. Spirit, which has been losing money for several quarters despite strong travel demand, operates an all-Airbus fleet. Spirit now expects to end 2025 with a total of 219 jets in its fleet, with no additions of the A320neo aircraft.

Persons: Stephen Trent, ”, Ryan Muller, Muller Organizations: CNN — Spirit Airlines, Airbus, Pratt, Whitney, Pratt & Whitney, Citi Research, Air Line Pilots Association

☆ Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
▼ + stars: | 2024-04-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries to boost liquidity. Spirit said it will defer all Airbus planes it has on order that were scheduled to be delivered from the second quarter of 2025 through the end of 2026. The budget airline said the deferrals would boost its liquidity by about $340 million over the next two years. United Airlines pilots' union last month said the company is offering unpaid time off for pilots next month because of late-arriving planes from Boeing . The Air Line Pilots Association, Spirit pilots' union, said Monday it is exploring voluntary measures that could limit the number of pilot furloughs.

Persons: Ted Christie, Christie, Pratt, Spirit, Whitney, Ryan Muller Organizations: Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Whitney, Association of, United Airlines, Boeing, Air Line Pilots Association, Spirit Locations: Miramar , Florida, City , New Jersey

☆ Spirit Airlines offers big raises to pilots in new contract - union memo
▼ + stars: | 2022-12-10 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, Dec 9 (Reuters) - Spirit Airlines (SAVE.N) has offered as much as a 43% cumulative weighted average pay raise to its pilots over two years, according to a union memo seen by Reuters. It comes a week after Delta Air Lines (DAL.N) offered a 34% cumulative pay increase to its pilots over three years in a new contract. Overall, it would lead to a 34% cumulative weighted average increase in pay rates for Spirit pilots, the memo said. ALPA said the deal involves "zero concessions" on the part of Spirit pilots. ALPA said the proposed contract will cover 3100 Spirit pilots.

☆ Spirit Airlines reaches deal with pilots on new contract, union says
▼ + stars: | 2022-12-09 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +1 min

CHICAGO, Dec 9 (Reuters) - Spirit Airlines (SAVE.N) pilots have reached a tentative agreement with the company over a new contract, their union said in a statement on Friday. The agreement represents an economic gain of $463 million or 27% over the next two years for the pilots, the union said. The Air Line Pilots Association (ALPA), which represents pilots at the ultra-low-cost carrier, said the deal involves "zero concessions" on the part of Spirit pilots. "This agreement...stands in stark contrast to previous bargaining cycles at Spirit and other large jet carriers, where pilots have endured years of stagnating compensation while negotiating comprehensive pilot contracts," said Spirit's pilot union head Ryan Muller. The pilot union, however, declined to share more details of the deal.

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