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Spirit Airlines CEO Breaks Silence After Reports Airline Could Go Out of Business
Spirit Airlines CEO Dave Davis is speaking out following reports that the budget-friendly airline may go out of business within the next 12 months. The sound for alarm started after the company filed paperwork with the Securities and Exchange Commission (SEC) relaying that "there is substantial
Spirit is in dire financial straits, and experts believe its collapse could trigger shifts across the low-cost airline sector.
Spirit Airlines announced plans to furlough about 270 pilots this fall as the company continues to find its financial footing after emerging from bankruptcy protection in March.
This article is published in Aviation Daily part of Aviation Week Intelligence Network (AWIN), and is complimentary through ...
"We remain hard at work on many initiatives to protect our unique franchise," CEO Dave Davis said in an email to employees.
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