Spirit Airlines disclosed on Monday that the company took a $50 million hit over its recent spate of flight cancellations and delays after operational issues left thousands of the airline's customers grounded and stranded in recent weeks. 

Spirit also said it will scale back its schedule, and it expects revenue losses to continue.

In an investor update filed to the Securities and Exchange Commission on Monday, Spirit reported that from July 30 to Aug. 9 alone, the airline canceled more than 2,800 flights, blaming "significant irregular operations due to a series of overlapping challenges, primarily adverse weather and airport staffing shortages."

Spirit said it was lightening its flight schedule in order to restore dependability.... Read More: FOX Business