Spirit to defer Airbus plane deliveries, furlough 260 pilots this year
Newsy
Spirit said the deferrals will bolster Spirit’s liquidity by about $340 million over the next two years.
Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday.
Spirit said it came to an agreement with the European plane manufacturer to delay delivery of the planes until 2030 and 2031.
“Deferring these aircraft gives us the opportunity to reset the business and focus on the core airline while we adjust to changes in the competitive environment,” said Spirit President and Chief Executive Ted Christie. “In addition, enhancing our liquidity provides us additional financial stability as we position the company for a return to profitability.”
Spirit said the deferrals will bolster Spirit’s liquidity by about $340 million over the next two years.
Florida-based Spirit also said it plans to furlough 260 pilots effective Sept. 1 as a result of the deferrals and ongoing problems with the availability of Pratt & Whitney GTF engines.
