Spirit Airlines

The carrier’s senior leaders have pledged to take the same pay reduction as their pilot group.

The carrier cut about 150 positions this week as it continues restructuring.

The carrier is currently restructuring its operations under the supervision of a U.S. bankruptcy court.

The airline is currently restructuring after declaring bankruptcy in August.

The carrier will have immediate access to $200 million as it navigates its second bankruptcy.

Spirit plans to slash capacity by about 25% this fall as part of its bankruptcy restructuring, a move that will likely trigger more layoffs at the struggling ultra-low-cost carrier.

A Spirit flight was repeatedly ordered to turn away from Air Force One earlier this week, with an air traffic controller admonishing the pilot.

United CEO Scott Kirby said Tuesday that the airline will not seek to acquire Spirit’s assets if the ultra-low-cost carrier ultimately goes out of business.

A U.S. bankruptcy court has given Spirit permission to tap $275 million in emergency funds as it prepares to restructure its business.

United announced Thursday that it is adding new routes and bolstering others, partly as an effort to poach customers from a struggling competitor.