RTX Stock Alert: Spirit Airlines Collapse Could Ease Pratt & Whitney’s Engine Crunch
Spirit Airlines’ grounded Airbus A320neo jets are releasing Pratt & Whitney GTF engines into a market short on spares, industry executives told Reuters. Some engines are already being leased to other airlines, but lease rates remain high and delays persist. Spirit’s fleet stopped flying May 1 after bankruptcy. Some engines may not reach customers for months as lessors sort technical records.