Spirit Expects to Ground Nearly 20 Percent of Its Fleet

“Looking further out, the GTF engine availability issues and the phasing of AOG [aircraft on ground] aircraft being taken out of service, together with limited visibility on when these aircraft will be returned to service, makes it difficult to accurately predict the number of assets we will have to produce capacity,” said Spirit chief commercial officer Matt Klein during an earnings call earlier this week. “For the full year 2024, we estimate we will have an average of about 25 [AOG], finishing the year with about 40 AOG.”

As a result, the carrier expects capacity growth to be flat or slightly up compared to 2023. Last month, Spirit announced it would defer new aircraft deliveries slated for mid-2025 into late 2026 to the 2030s and furlough 260 pilots.

“The impact on our business associated with these Pratt engine issues cannot be understated,” said Spirit finance chief Scott Haralson on the call.

Like many other operators of the issue-plagued engine type, Spirit said it receives credits from Pratt & Whitney for the groundings.

In the first quarter, Spirit received nearly $31 million in AOG credits. According to data from Cirium Fleet Analyzer, the carrier has a total of 207 aircraft in its fleet with 18 A320neos and one A321neos in storage.

So far this year, the airline has seen an average of nearly 18 grounded aircraft each month.

Editor’s Note: This article first appeared on AirlineGeeks.com.