Spirit Airlines to Furlough Pilots, Delay New Planes to Cut Costs Amid Years of Losses

• Spirit Airlines will delay delivery of new Airbus planes it was supposed to receive in 2025-2026 by about 5 years • The airline expects to furlough about 260 pilots starting September 1st • These cost-cutting moves aim to save Spirit $340 million over the next 2 years • The company has been struggling financially, reporting losses for the past 4 years • Actions come after failed merger with JetBlue and ongoing issues like engine problems