Spirit Airlines Takes Bold Cost-Cutting Measures: 270 Pilots Furloughed and 100+ Demoted Amid Industry Challenges—What This Means for Investors and Market Stability
Spirit Airlines’ recent announcement to furlough 270 pilots and downgrade 140 more from captain to first officer is a stark signal of the turbulence still rocking the airline industry—and it offers critical lessons for investors and advisors watching this space. While Spirit’s moves are framed as necessary steps to “align staffing with a smaller off-season…