Spirit Airlines is preparing to furlough 270 pilots this fall, according to reports.  The furloughs will go into effect on November 1, the budget-friendly airline said on Monday. An additional 140 pilots will be demoted on October 1, as the cash-strapped carrier looks to scale down its workforce to match a downsized schedule."We are taking necessary steps to ensure we operate as efficiently as possible as part of our efforts to return to profitability," the airline said in a statement to Reuters.  The annou ...

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