Spirit Airlines last week announced a plan to reduce nonfuel expenses by 15% through the retirement of five aircraft, schedule adjustments and layoffs. "We can't sit back and hope for fuel prices to fall. We will attack this challenge by adapting our business to the structural change in fuel prices," CEO Ben Baldanza said. "We are in a better position than any other carrier in the Americas to succeed in this environment. By becoming more aggressive than ever on nonfuel costs, raising ...

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