Spirit Airlines (NYSE: SAVE) is set to begin training new pilots and flight attendants by next month as it prepares to rebound after the pandemic downturn. Amid experiencing a USD508 Million operating loss in 2020, the airline plans to reach pre-pandemic capacity levels by the summer of 2021.
“We’ll be a big hirer again,” CEO Ted Christie said Thursday. “Growth in the airline industry is going to be at the leisure end, and we’re the primary server of that guest.”
The airline finished off last year with 8,756 workers, which included 2,497 pilots and 4,028 flight attendants. According to Christie, the company also plans to hire other positions throughout this year.
Furthermore, Spirit is bringing back workers who took leaves of absence in order to avoid involuntary furloughs. However, several employees such as pilots will be required to complete federally mandated training before returning to work.
“Our training footprint can only handle so much, so it has to be phased,” Christie said of the company’s hiring plans.
Spirit, like other airlines, is relying on the vaccine rollout to aid in the industry’s recovery.
“Vaccine deployment, lowering total Covid case numbers should lead to more confidence from the traveling public and a loosening of restrictions,” Christie said.
The company’s shares fell over 8% on Thursday to USD30.01. Nevertheless, the stock has managed to rise almost 23% this year, higher than most U.S. airlines.