"Spirit Airlines confirmed Friday it finalized crucial agreements with its unionized pilots and flight attendants to cut labor costs as part of its effort to reorganize its finances while in Chapter 11 bankruptcy. Management offered no details of the deals with the Spirit contingents of the Air Line Pilots Association and Association of Flight Attendants - CWA. But the airline reportedly had been seeking up to a combined $100 million in concessions"
"An online question-and-answer section of an AFA website said the value of the pilots' concessions amounted to $85 million while the attendants yielded $15 million, with the latter amount just below a half of what management had sought. "We're thankful to our partners at ALPA and the AFA for their collaboration in reaching these agreements and to our Pilots and Flight Attendants for the unwavering dedication and professionalism they demonstrate every day," Dave Davis, Spirit's president and chief executive officer, said in a statement"
Spirit Airlines finalized agreements with unionized pilots and flight attendants to cut labor costs during its Chapter 11 reorganization. Management provided no detailed terms publicly. An AFA site indicated pilots conceded $85 million and attendants $15 million. The concessions were tied to securing additional financing to maintain operations. CEO Dave Davis thanked unions and staff and said the agreements advance the airline's restructuring and mission to preserve value travel options. ALPA noted the company did not obtain everything sought and said the deal covers two years and is subject to Bankruptcy Court approval. Pilots ratified the agreement by an 82% yes vote.
Read at Sun Sentinel
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