Spirit Airlines’ equity in November 2024 was worth less than the amount it paid to its executives in 2023. Tough financial situation . Spirit Airlines, one of the largest ultra-

Spirit Airlines reported a $316.4 million loss in November as the Dania Beach-based discount airline (NYSE: SAVE) grapples with Chapter 11 bankruptcy.

Spirit Airlines, which filed for bankruptcy in November, has given investors a peek into its ongoing reorganization. As part of that process, it filed a financial update with the Securities and Exchange Commission that shows its equity is worth less than the compensation paid to its executives in 2023.