Spirit Airlines is looking to cut its fleet by nearly 100 aircraft as it exits Chapter 11 Bankruptcy for the second time this year. As reported by CNBC, the comments are coming from the company's CFO as the airline faces mounting pressure from rising operational costs, weak yields, and debt burdens. The decision is being framed as an essential move to survive.

The reductions are expected to occur through lease returns, retirements, and accelerated phase-out of older or less efficient aircraft. Spirit says that the move will help balance capacity, reduce maintenance and lease costs, and better align its cost base with demand in a turbulent market. The company intends to redeploy resources to its core profitable routes while shedding marginal or underperforming assets.

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