The agreement includes an average 43 percent increase in pay rates, double-digit direct contributions to pilots' retirement plans, and $75 million in ratification compensation. "This agreement ...

Spirit Airlines has reached a compensation agreement for aircraft grounded due to geared turbofan (GTF) engine issues. Under the terms, Spirit will receive a monthly credit through the end of 2025 ...

Spirit Airlines reported it has reached a compensation agreement with an engine maker over problems that have resulted in the grounding of a number of the Miramar-based carrier's jetliners.

SPIRIT AIRLINES secured agreement to receive monthly credit from IAE (Pratt & Whitney) through 2024 as compensation for each/all aircraft unavailable for operational service due to GTF engine ...

Spirit has already entered into a compensation agreement with Pratt & Whitney regarding its GTF engines, which is also slated to improve Spirit's liquidity between $150 million and $200 million ...

The new contract includes an average pay increase of 43 percent for the carrier's 1,800 pilots, double-digit contributions to pilots' retirement plans and $75 million in ratification compensation.

Spirit is grappling with competing takeover offers and bold new pilot contracts at regional airlines that threaten to also shake up pay scales for ultra-low-cost carriers like Spirit.

Pilots at Spirit Airlines haven’t taken a position on the carrier’s merger future, but they don’t like what they have seen about the carrier’s plan for their futures.

Pilots at discount carrier Spirit Airlines of Miramar have reached a tentative contract deal that would give them significant financial gains over the next two years, their union announced Friday.

Last month, Spirit reached an agreement for compensation by Pratt & Whitney that would improve the airline’s liquidity by $150 million to $200 million. Spirit was struggling even before the ...

* SPIRIT AIRLINES INC - OF 98 PERCENT OF PILOTS WHO VOTED FOR AGREEMENT, 70 PERCENT CAST BALLOTS IN FAVOR OF AGREEMENT * SPIRIT AIRLINES - ‍CO'S DEAL INCLUDES AVERAGE 43% INCREASE IN PAY RATES ...