Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service by way of Getty Images)
Joe Cavaretta | South Florida Sun-sentinel | Getty Images
Spirit Airlines plans to shrink its fleet by nearly 100 aircraft and exit completely different U.S. markets as a part of a sweeping restructuring underneath Chapter 11, CFO Scott Cramer stated
The low-cost provider, which he stated presently operates 214 aircraft, is utilizing chapter instruments to eradicate unprofitable routes and scale back its community footprint.
The technique is anticipated to save the corporate “hundreds of millions of dollars” in prices, he added.