The post Inside Spirit Airlines CEO Ted Christie's Luxurious $2.5 Million Florida Home—as Company Files for Bankruptcy appeared first on Real Estate News & Insights | realtor.com®.

Spirit Airlines CEO Ted Christie was paid a $3.8 million retention bonus a week before the no-frills Florida-based carrier declared bankruptcy, according to a report. Christie, whose company announced last month that it plans to cut an unspecified number of jobs and to sell off some jets worth millions,

Spirit Airlines hopes to emerge from its just-filed bankruptcy by the spring of 2025, but it needs people to run the company until then. That’s part of why CEO Ted Christie got a $3.8 million bonus just under a week before the carrier filed for insolvency.