Spirit secures tentative deals with ALPA and AFA; leadership to match pilot pay cuts, clearing path for Chapter 11 financing
Spirit Airlines reached agreements in principle with its pilots (ALPA) and flight attendants (AFA), and senior leadership has pledged salary cuts at least equal to the pilots' reductions upon ratification. The pacts clear a major obstacle to obtaining debtor‑in‑possession financing and advancing its Chapter 11 reorganization.