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Spirit Airlines confirmed Friday it finalized crucial agreements with its unionized pilots and flight attendants to cut labor costs as part of its effort to reorganize its finances while in Chapter 11 bankruptcy.
Management offered no details of the deals with the Spirit contingents of the Air Line Pilots Association and Association of Flight Attendants – CWA. But the airline reportedly had been seeking up to a combined $100 million in concessions from the two labor groups as a condition for obtaining additional financing to stay airborne.
An AFA spokesperson affirmed by email Friday that the value of the pilots’ concessions amounted to $85 million while the attendants yielded $15 million, with the latter amount just below a half of what ma

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