Budget flight carrier Spirit Aviation Holdings Inc. (NASDAQ: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 Markets
The 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 document.
Spirit did not immediately respond to Benzinga’s request for comment.
The airline also stated in …