Spirit Airlines is set to furlough 270 pilots and downgrade over 100 others as part of its strategy to reduce flight operations. The airline, which recently emerged from Chapter 11 bankruptcy in March, has been working to attract customers by offering more premium travel options. This decision to cut staff and flights suggests potential challenges in the airline's recovery and its ability to compete effectively in the current market. The move reflects a need to adjust operations amidst ongoing financial pressures.