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Spirit has already axed flights and asked pilots to take a pay cut. Now it's furloughing 1,800 flight attendants.

1. Spirit Airlines to furlough 1,800 flight attendants amid second bankruptcy. 2. Involuntary furloughs begin December 1, raising survival concerns. 3. The airline seeks $100 million in annual pay cuts from pilots. 4. Capacity cuts of 25% planned, focusing on strongest markets. 5. Substantial doubt exists about Spirit's ability to continue operations.

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FAQ

Why Very Bearish?

Spirit's severe cost-cutting measures and repeated bankruptcies indicate financial distress, leading to investor caution.

How important is it?

The news reflects significant operational challenges for Spirit Airlines, directly affecting market sentiment and likely leading to FLYY fluctuations.

Why Short Term?

The immediate impact of furloughs and bankruptcy can significantly lower stock performance in the near term.

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