Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs
SAVESpirit Airlines(SAVE) CNBC·2024-10-25 22:40

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. The carrier late Thursday laid out a plan to reduce costs and raise cash by selling 23 older Airbus aircraft. That sale will bring in $519 million, Spirit said in a securities filing. It also said it will reduce costs by about $80 million, mostly through job c ...