Spirit Airlines Cuts More Jobs as It Nears Exit From Bankruptcy

Spirit Airlines Inc. is eliminating 200 jobs in a cost-cutting move as it prepares to emerge from bankruptcy protection in the coming months.

The staff reduction this week is one of the final steps in a plan to cut $80 million in annual expenses, Chief Executive Officer Ted Christie told workers in a memo. The discount carrier, which filed bankruptcy in November, previously announced pilot furloughs and demotions, extended voluntary time off programs for flight attendants and aircraft sales.

“We’re facing significant challenges with our business, which is why we’ve been focused on taking actions to optimize our organization and ...