Spirit CEO braces employees for more job cuts as struggling airline will slash flights

Group 1 - The airline plans a 25% cut in capacity over 2024 to optimize its network and focus on stronger markets [1] - The CEO indicated that job cuts are likely as the airline negotiates with vendors and aircraft lessors to stabilize operations [2] - The company has already announced furloughs and demotions affecting hundreds of pilots, with plans to meet labor leaders soon [3] Group 2 - The airline is preparing to reduce its November schedule as part of cost-cutting measures following its second bankruptcy in less than a year [1][2] - The CEO emphasized the need for tough decisions to emerge stronger, acknowledging the uncertainty these changes bring to employees [2] - The company is committed to keeping employees informed as decisions regarding team sizes and efficiency are made [2]