Spirit Airlines has faced difficulties since its merger with JetBlue fell through, prompting plans for cost reductions and the sale of 23 Airbus jets to cope.
Despite its challenges, the market reacted positively to Spirit's announcements of significant cost-cutting measures and the potential for a merger with rival Frontier.
Spirit's strategies include reducing staff and selling aircraft to generate $519 million, with plans for an $80 million cost reduction as flight volume declines.
While mainline carriers predict increased demand and profitability, Spirit's capacity is expected to drop significantly next year due to reduced aircraft availability.
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