Last week Spirit Airlines pilots learned that their bid packages for April 2020 would be delayed as the carrier adjusted its schedules to account for rapidly dropping demand. Today the size of the cuts became clear. In a message to employees reviewed by PaxEx.Aero the company indicated that it will cut flights, but not overall capacity growth for next month.
We’ve been preparing our business for events like this for years.– Spirit Airlines CEO Ted Christie
In the note CEO Ted Christie indicates that the company will still grow in April 2020, just not as quickly as previously planned. The company will dial back its growth plans to 9% in the month compared to 2019, dialed back from the previously planned 14%. Spirit will “mostly be reducing frequencies between some cities to minimize any inconvenience to our Guests,” according to the memo. The carrier will also change some flights from nonstop to a connecting service.
Christie highlights that the carrier has “always been savvy with how we use our assets” and suggests that the company’s “low costs mean we are well-equipped to handle this challenge.”
The company also has a task force in place to coordinate with service providers, union leaders and government officials. Cleaning protocols were expanded, focusing on high-touch points such as seatbelt buckles, tray tables and arm rests.
The company’s stock (NYSE:SAVE) closed at $21.41/share on Monday, down nearly 50% for the year.
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