May 6, 2020 / 8:58 PM / a month ago

Spirit Airlines posts quarterly loss, in talks with Airbus to defer deliveries

FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau

(Reuters) - Spirit Airlines Inc (SAVE.N) on Wednesday posted a quarterly loss and said it was in discussions with Airbus SE (AIR.PA) to defer 2020 and 2021 jet deliveries and related pre-delivery payments in an effort to reduce its aircraft capital spending by $185 million.

As the coronavirus crisis has crushed air travel demand, budget carrier Spirit said it has cut its capacity by about 75% in April and 95% in May and June and will be evaluating whether to take advantage of U.S. government aid in the coming months.

Reporting by Tracy Rucinski; Editing by Chris Reese

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