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-

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

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.