Spirit Airlines will slash its schedule by a quarter in November as the discounter makes tough bankruptcy decisions.
Dave Davis, CEO of Spirit, told staff members Wednesday in a memo viewed by TPG that the airline would be 25% smaller in terms of available seat miles, a standard industry measure of capacity, in November compared to the same month last year.
The cuts, he wrote, would involve "significant adjustments, coupled with ongoing cost-savings efforts amid the restructuring."
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