Spirit Airlines announced Thursday that it will implement significant layoffs, scale back operations, and sell 23 Airbus jets as part of efforts to cut costs and return to profitability.
The airline, which has struggled following the failed merger with JetBlue earlier this year, aims to reduce expenses by $80 million starting in 2024, Market Watch reported.
The layoffs are expected to align with reduced flight capacity, reflecting the airline’s scaled-back operations. Spirit has faced mounting financial challenges, including competition from larger carriers offering discounted fares and issues with Pratt & Whitney engines, contributing to ongoing losses.
Despite the cutbacks, Spirit’s stock saw a 10.3% after-hours increase following the announcement. The airline stated that it is actively renegotiating terms with debt holders, working toward better financial stability while exploring premium travel offerings to diversify its services.
As part of its restructuring, Spirit entered a deal with GA Telesis to sell 23 Airbus A320ceo and A321ceo aircraft, raising approximately $519 million. The sale is expected to improve liquidity by $225 million by the end of 2025. Spirit also confirmed the retirement of its remaining A319ceo planes and plans to reduce fleet capacity by 20% in the fourth quarter, with further declines expected next year. […]
— Read More: dallasexpress.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
