Spirit Airlines executives are set to receive millions in bonuses for staying with the company during its bankruptcy restructuring. The airline faces lease terminations from AerCap Holdings, potentially costing over $2 million per lease. Share prices fell 51% in postmarket trading as the parent company filed for bankruptcy. Retention bonuses are common in struggling companies before filing bankruptcy to retain key personnel.

Read more at Yahoo Finance: Spirit Air Awards Executive Bonuses Upon Second Bankruptcy