Both involve not getting a paycheck, but a furlough is temporary Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Amy Soricelli has ...

CHICAGO, Oct 30 (Reuters) - Spirit Airlines SAVE.N will furlough about 330 pilots on Jan. 31, 2025, a company spokesperson told Reuters, as part of its efforts to cut costs and shore up its ...

Spirit Airlines announced on Thursday that it will furlough 330 pilots at the end of January next year. The canary yellow-branded carrier has been in a coal mine even before a federal judge shot ...

Spirit AeroSystems will furlough about 700 workers to cut costs as the machinist strike at Boeing BA0.46%increase; green up pointing triangle continues. The plane manufacturer on Friday said ...

Just last month, the ultra-low-cost carrier placed 186 of its pilots on furlough. The beleaguered airline continues to face mounting losses, reporting a net loss of $158 million in the second quarter.

The company sent a statement to News 9 regarding the furloughs: “Canoo has made the difficult decision to temporarily reduce our workforce in Oklahoma City by furloughing 23% of our factory ...

It also says a plan to improve liquidity could include layoffs and more furloughs. “The Company will require additional liquidity to continue its operations over the next 12 months,” Spirit ...

These furloughs follow Spirit’s September reduction, which saw 186 pilots furloughed over Labor Day weekend. Spirit Airlines plans to furlough hundreds more pilots next year as the company works ...

Struggling Spirit Airlines said Wednesday it will furlough hundreds of pilots to cut down costs and bolster its finances. The move comes as the airline continues to lose money despite strong ...