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Fortune

Chris Morris

Spirit Airlines says it will furlough 270 pilots and demote 140 captains to first officers as it looks to shore up finances

Spirit Spirit Airlines

A Spirit Airlines plane on the runway (Credit: Kevin Carter—Getty Images)

Spirit Airlines is making additional staff cuts. The discount carrier will furlough 270 pilots on Nov. 1 and demote 140 from captain to first officer on Oct. 1. The move comes following the airline’s emergence from bankruptcy earlier this year.

Spirit Airlines might have emerged from Chapter 11, but the skies are no friendlier on the other side of bankruptcy.

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