Spirit Airlines is planning to reduce its flight capacity by 25% in November as it seeks to cut costs following its second Chapter 11 bankruptcy filing within a year. CEO Dave Davis informed employees that the airline will focus on its strongest markets to optimize operations. The airline has already implemented furloughs and demotions for hundreds of pilots, with some flight attendants taking voluntary unpaid leaves. Despite emerging from bankruptcy in March, Spirit has struggled with high costs and decreased travel demand, reporting a loss of nearly $257 million since then. The airline's management is also set to meet with union leaders to discuss potential changes, as the company navigates a challenging financial landscape.