Spirit Airlines may lay off or displace up to 60 percent of its flight attendants and as many as 45 percent of its pilots in two months, as it struggles to cope with soaring jet-fuel prices, according to the Miami Herald (see full article).
Nothing is definite, but with the cutbacks in staffing there might be cutbacks in routes and flights. If you're a Spirit customer, or have plans to fly them this year, this is a situation you'll want to watch closely. Spirit lost $16.7 million in the fourth quarter, on $187.1 million in revenue, according to the Department of Transportation's Bureau of Transportation Statistics.
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