https://www.thebignewsletter.com/p/spirit-airlines-ceo-got-a-38-million
17,000 working people just lost their jobs, but I'm sure that hardworking CEO deserved the money. /s
Edit: this is the previous bankruptcy. I thought it was the same CEO when I posted the link, but he resigned and was replaced. The article includes a number of important points: Spirit didn't fail because the merger with Jet Blue was blocked. The merger wasn't blocked by the Biden administration, it was blocked by a judge, a Reagan appointee, because it wasn't allowed under existing law. The creditors blocked a government bailout because they expect to get more from auctioning the assets than from continuing operations.
It's a good article about the effects of deregulation and failure to enforce anti-trust laws