Spirit Airways’S Showdown With Pilots Triggered 850 Flight Cancellations

Spirit Airlines stock got clobbered on Thursday as investors learned of the damage caused by a showdown with its pilots.
Its pilots are furiousThis spring, Spirit accused the union of organizing a work slowdown, forcing scores of flight cancellations when pilots called out from work.
A new earnings release said there were 850 “pilot-related” flight cancellations last quarter, costing the company $45 million.
Spirit (SAVE) pilots, and the Air Line Pilots Association that represents them, have also been frustrated with the budget air carrier.
One analyst, Helane Becker of Cowen & Company, wrote Thursday that she expects “flight cancellations related to the open pilot contract may linger until the company reaches a new agreement.

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