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Investing.com-- Spirit Airlines plans to cut jobs and reduce capacity as it restructures for the second time in less than a year, CNBC reported on Wednesday, citing Chief Executive Dave Davis’s memo to employees.
Davis said in a staff memo reviewed by CNBC that Spirit would reduce its November schedule, with capacity expected to be down about 25% this year as the carrier “optimizes” its network around stronger markets.
Similar cuts were made from March through June after the airline emerged from its first bankruptcy earlier in 2025.
“These evaluations will inevitably affect the size of our teams as we become a more efficient airline,” Davis wrote, adding the company would consult union leaders in the coming weeks, the CNBC report stated.
Spirit has already announced furloughs and demotions of hundreds of pilots, while some flight attendants have taken unpaid leave, CNBC said.
Spirit, which reported a $257 million loss between March and June, faces higher costs, weaker U.S. travel demand and intense competition after its failed merger with JetBlue Airways Corp (NASDAQ:JBLU).