Spirit Airlines Implements Buyouts to Reduce Costs for Salaried Employees
Originally Published 2 years ago — by CNBC
Spirit Airlines is offering voluntary exit packages to salaried employees as part of its cost-cutting measures due to ongoing financial strains. The airline has been facing weak off-peak demand and has had to ground aircraft for inspections. CEO Ted Christie stated that tough decisions are necessary to return to profitability, and the voluntary exit program aims to right-size the organization. The move comes as JetBlue Airways attempts to acquire Spirit, a deal currently being challenged by the Justice Department.