Spirit Airlines To Cut Jobs As It Plans To Reduce Capacity By 25% Amid Financial Woes: Report - Spirit Aviation Holdings (OTC:FLYYQ)

Budget flight carrier Spirit Aviation Holdings Inc. FLYYQ is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes.A Shift To Focus On Spirit's Strongest MarketsThe reduction comes as CEO Dave Davis, in an internal document obtained by CNBC on Wednesday, said that the company will cut capacity to focus on the airline's strongest markets. "These evaluations will inevitably affect the size of our teams as we become a more efficient airline," Davis said in the ...