Copyright Men's Journal
Spirit Airlines’ financial struggles have forced its pilots and flight attendants to take a pay cut. The struggling company announced the agreement on Friday, saying that it reached an agreement in principle with its pilots, represented by the Air Line Pilots Association, and its flight attendants, represented by the Association of Flight Attendants-CWA. “Both agreements, which are subject to definitive documentation, ratification, and court approval, represent important steps and additional progress in the Company’s ongoing Chapter 11 restructuring to position Spirit for the future,” the company announced. Spirit’s Leadership Also Taking a Pay Cut The company also announced that its senior leadership “has committed to taking a salary reduction at a percentage not less than the Pilot group’s reduction.” “These agreements reflect the shared commitment of our Team Members and principal labor unions in securing a successful future for Spirit, and we thank ALPA and AFA leadership for their partnership and collaboration,” said Dave Davis, President and CEO. “We’re grateful to our Pilots and Flight Attendants for their professionalism, resilience, and unwavering commitment to safety and our Guests as we work to build a stronger airline that Americans can count on for many years to come.” Spirit Files for Bankruptcy … Again It was back in August when the airline filed for bankruptcy for the second time in a year, citing that it was in a “fragile financial position.” Earlier in August, Davis had said that Spirit was “in a fragile financial position, likely more so than at any point in the previous 24 months.” The company’s financial struggles were so dire that Davis was compelled to speak out after rumors swirled that Spirit was on the verge of going out of business. “Yesterday, we filed our 10-q, outlining our second quarter 2025 financial results. This filing generated media coverage and, naturally, a lot of questions,” said Davis in a statement. “… The report uses the phrase ‘substantial doubt about the Company’s ability to continue as a going concern.’ This is a phrase required by our outside auditors to convey that there is risk if we do not make changes. But, we are.”
