The airline, whose stock has fallen by more than 90% since the start of the year, filed for Chapter 11 bankruptcy protection in New York on Monday — months after a federal judge blocked its $3.8 billion merger with JetBlue Airways.
Saturday, November 23, 2024
Spirit Airlines CEO Ted Christie was paid a $3.8 million retention bonus a week before the no-frills Florida-based carrier declared bankruptcy
Christie, whose company announced last month that it plans to cut an unspecified number of jobs and to sell off some jets worth millions, gets to keep the bonus if he stays with the firm for another year, according to WLRN South Florida
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