Spirit reduces April and May capacity by 20%
Spirit Airlines will cut its April capacity by 20% and its May capacity by 25% and reduce executive salaries as carrier seeks to reduce costs in response to the coronavirus pandemic. Load factors are expected to continue declining through March as govts limit air travel in attempt to halt the spread of the virus, Spirit CE Ted Christie says in a March 17 US Securities and Exchange Commission filing. “So far, 10 countries we serve have required airlines to limit or completely stop operations,” Christie says. “As leisure events are cancelled across [the US], our flown load factor has dropped dramatically over the last week and currently sits about 25% lower than last year.” The carrier has reduced fares “but it isn’t enough” to maintain volume, he says. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-20/unaligned/spirit-reduces-april-and-may-capacity-by-20
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Spirit reduces April and May capacity by 20%
Spirit Airlines will cut its April capacity by 20% and its May capacity by 25% and reduce executive salaries as carrier seeks to reduce costs in response to the coronavirus pandemic. Load factors are expected to continue declining through March as govts limit air travel in attempt to halt the spread of the virus, Spirit CE Ted Christie says in a March 17 US Securities and Exchange Commission filing. “So far, 10 countries we serve have required airlines to limit or completely stop operations,” Christie says. “As leisure events are cancelled across [the US], our flown load factor has dropped dramatically over the last week and currently sits about 25% lower than last year.” The carrier has reduced fares “but it isn’t enough” to maintain volume, he says. <br/>
