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Spirit Airlines sells more planes, calls back 500 flight attendants from furlough ahead of spring break
CNBC· 2026-02-12 16:43
Core Insights - Spirit Airlines is attempting to recover from its second bankruptcy in less than a year by selling 20 Airbus planes and recalling flight attendants from furlough [1][2] - The sale of the aircraft, which are mostly not in service, is part of Spirit's strategy to stabilize its operations after years of financial difficulties [1] - Spirit's fleet will be reduced to 94 aircraft, aligning with the company's focus on its strongest routes and most efficient fleet [2] Staffing and Operations - The company is utilizing natural attrition and voluntary actions to adjust staffing levels for pilots and flight attendants [2] - The phased-out aircraft sales will begin in April, indicating a structured approach to fleet management [2] Strategic Partnerships - Ongoing deal discussions with investment firm Castlelake and budget carrier Frontier Airlines have not resulted in an agreement, leaving Spirit to consider independent strategies for future operations [3]