Pilots Secure Temporary Pay Concessions and Bankruptcy Protections
Spirit Airlines pilots have ratified a restructuring agreement that delivers temporary pay concessions and bankruptcy protections. The deal preserves pilots’ core work rules and gives Spirit short-term cost relief. The agreement was ratified by 82% of voting pilots and is effective pending court approval. The airline faces a December 13, 2025, court-imposed deadline to secure new financing. The agreement also includes a $278 million unsecured bankruptcy claim for pilots. Spirit has been offloading aircraft, cutting routes, and reducing headcount as it works to stabilize operations and overhaul its balance sheet. The deal stands in contrast to speculation about Spirit’s near-term viability.