Outrage Soars Over Spirit Airlines CEO’s £3M Bonus Check Payday Amid Worker Layoffs

Outrage Soars Over Spirit Airlines CEO’s £3M Bonus Check Payday Amid Worker Layoffs

A recent report revealed that Spirit Airlines CEO Ted Christie received a £3 million ($3.8 million) retention bonus just days before the Florida-based budget carrier filed for Chapter 11 bankruptcy, according to WLRN South Florida. This revelation comes amid significant turbulence for the airline, which is grappling with mounting debts, plummeting stock value, and looming … Read more

Spirit Airlines CEO says not considering chapter 11

Spirit Airlines CEO says not considering chapter 11

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines CEO Ted Christie said Friday that the budget airline isn’t considering a Chapter 11 bankruptcy filing and is “encouraged” by its plan after a failed takeover … Read more