Spirit facing an uncertain future.

Spirit Airlines the U.S. budget carrier has furloughed more than a hundred pilots as it struggles to cut costs, delay aircraft deliveries and tries to refinance more than $1 billion debt due next year. Nearly 200 pilots were furloughed at the start of the month and management expects about 70 will be taking voluntary furlough before the start of October. 

The airline recently posted losses of over $192 million for the second quarter of this year and isn't likely to break even until 2026. Spirit has had to ground a number of its Airbus aircraft due to an issue with the Pratt & Whitney power plants and despite the compensation received from the engine maker, the carrier's future is looking a lot less certain.

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