CNN —
Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash.
The low-cost airline said it would defer the scheduled deliveries to 2030-2031. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1.
Shares of Spirit (SAVE) rose about 5% in early trade.
A snag with Pratt & Whitney Geared Turbofan engines has forced Spirit to
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