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.

The airline, which previously faced eviction from a Broward County airport, listed up to $500 million in debts.