Spirit Airlines reaches labor agreements with pilots and flight attendants, achieves DIP savings target

Spirit Aviation Holdings, Inc.

Agreements in principle with ALPA (pilots) and AFA (flight attendants), subject to definitive documentation, ratification, and court approval.
Senior leadership commits to salary reduction not less than the pilots' reduction upon ratification.
Annual savings from agreements estimated to meet target required for next DIP financing draw.
Company continues Chapter 11 restructuring; updates at www.spiritrestructuring.com.

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