Budget flight carrier Spirit Aviation Holdings Inc. FLYYQ is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes.A Shift To Focus On Spirit's Strongest MarketsThe reduction comes as CEO Dave Davis, in an internal document obtained by CNBC on Wednesday, said that the company will cut capacity to focus on the airline's strongest markets. "These evaluations will inevitably affect the size of our teams as we become a more efficient airline," Davis said in the ...

Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago.  The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it continues to be affected by "adverse market conditions," including continued weak demand for domestic leisure travel in the second quarter of 2025. The persisting challenges created a ...