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The Hill
12 minutes ago
- The Hill
Spirit Airlines furloughing 270 pilots, demoting another 140 amid slower schedule
Spirit Airlines is furloughing around 270 pilots and demoting another 140 later this year as the budget carrier looks to slim down the workforce and adjust to a slower schedule. 'We are taking necessary steps to ensure we operate as efficiently as possible as part of our efforts to return to profitability. Among these steps, we have made the difficult decision to furlough approximately 270 Pilots, effective Nov. 1, 2025, to better align staffing with our flight schedule,' the airline said in an emailed statement to The Hill on Tuesday. The demotion of approximately 140 captains will take place on Oct. 1. They will downgraded to first officer, according to the Air Line Pilots Association, the largest pilot union in the world, CNBC reported. 'We recognize the weight of this decision and are committed to treating all affected Team Members with compassion and respect during this process,' the airline added. The Florida-based carrier had filed for Chapter 11 bankruptcy protection in November, after failed attempts at merging with other airlines and financial losses. Spirit emerged from bankruptcy in March. Ahead of filing for bankruptcy, Spirit furloughed around 200 pilots in September. 'We know how hard this news hits, and there's no dressing that up. Spirit continues to shrink, and with it, the value of pilot seniority and Spirit careers continues to erode,' Ryan Muller, a captain and the chairman of Spirit's Air Line Pilots Association, said, according to CNBC.
CNBC
an hour ago
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Novo Nordisk sinks on guidance cut
CNBC's Angelica Peebles joins 'Squawk on the Street' with the latest details on Novo Nordisk's earnings, why the stock is under pressure, and much more.
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an hour ago
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Doubling down on hospitality: Starbucks COO on ‘Green Apron Service'
CNBC's Kate Rogers sits down with Starbucks COO Mike Grams to discuss the rollout of the company's Green Apron Service initiative, aimed at creating warmer interactions between customers and baristas while maintaining turnaround times of four minutes or fewer for digital and in-store orders.
