Spirit Airlines Reaches Pacts With Pilots & Flight Attendants

Spirit’s senior leadership has committed to taking a salary reduction at a percentage not less than the pilot group’s reduction upon ratification of a tentative agreement with pilots.

• Spirit Aviation Holdings, parent of Spirit Airlines, says Spirit has reached an agreement in principle with its pilots, represented by the Air Line Pilots Association, and an agreement in principle with its flight attendants, represented by the Association of Flight Attendants-CWA
• Company estimates that the annual savings from these agreements in principle, if implemented, achieves the target necessary for the company’s next draw under its debtor-in-possession financing

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