SPIRIT AIRLINES PLANNING TO MAKE CUTS TO FLIGHTS AND FLEET TO EMERGE FROM BANKRUPTCY

Spirit Airlines is planning to make cuts to its flights and fleet to emerge from bankruptcy as early as spring.  According to a new plan the budget airline carrier unveiled in Bankruptcy Court on Tuesday, it will focus on high-demand travel periods and routes as well as expand premium-class seats to survive.  Spirit has reached an agreement in principle with its creditors for the plan, and the company’s CEO expects it to “emerge as a strong, leaner competitor.”  Spirit has already reduced some of its Airbus fleet as well as furloughed pilots and flight attendants to cut costs as it reduced its network.