Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
Publishing timestamp: 2024-04-08 13:38:37
Summary
Spirit Airlines is deferring deliveries of new Airbus planes and furloughing 260 pilots to boost liquidity. The airline's planned merger with JetBlue Airways fell apart earlier this year, and it is struggling with the grounding of many of its Airbus planes due to engine recalls. Pilots' union is exploring voluntary measures to limit furloughs.
Sentiment: MIXED
Tickers: UAL, BA, JBLU, SAVE, A,
Keywords: markets, airlines, life, united airlines holdings inc, transportation, aerospace and defense industry, boeing co, business news, jetblue airways corp, breaking news: markets, spirit airlines inc, raytheon technologies corp, travel, breaking news: business, business,
Source: https://www.cnbc.com/2024/04/08/spirit-airlines-will-defer-airbus-orders-furlough-260-pilots.html