Spirit Airlines said on Monday that it will furlough about 270 pilots while demoting another 140, as the cash-strapped budget carrier looks to scale down its workforce to match a downsized schedule.

South Florida-based Spirit Airlines intends to reduce its pilot head count through furloughs and demotions as the discount carrier continues to focus on cost reductions after emerging from Chapter

According to the Air Line Pilots Association (ALOPA), Spirit currently has 3,218 active pilots and 164 furloughed pilots, flying approximately 550 daily flights to over 77 destinations throughout the U.S., Central America, the Caribbean, and South America.