Sources tell CBS News that Spirit Airlines only has enough cash available on hand to operate for a matter of days and if it runs out, the budget carrier would have to cease operations. For now, Spirit continues to operate normally amid discussions over a possible government bailout. Kris Van Cleave reports. Source link
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, according to multiple sources familiar with the discussions. Facing two bankruptcies since 2024 and rising fuel prices due to the Iran war, Spirit has sought a … Read more
The administration can’t do this itself and it’s hard to imagine there’s any appetite for an airline loan on Capitol Hill. Source link
The Trump administration is exploring using the Defense Production Act as part of a strategy to save the beleaguered Spirit Airlines, according to U.S. officials familiar with the discussions. President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he’d “do it to save the … Read more
President Trump said his administration is considering a plan to buy Spirit Airlines as it faces potential liquidation and resell it in the future when fuel prices drop. Kris Van Cleave breaks down the potential bailout. Source link
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop. The president confirmed his continued interest in offering Spirit a financial lifeline after a lawyer told a U.S. Bankruptcy Court that the airline was in advanced talks with … Read more
Former Trump economic adviser knocks possible Spirit Airlines bailout as “corporate welfare” – CBS News Watch CBS News Sources tell CBS News the Trump administration is discussing a bailout for Spirit Airlines that could include a loan of up to $500 million. Former Trump economic adviser Stephen Moore joins “The Takeout” with his perspective. Source … Read more
In a highly unusual move to shield a company from high fuel prices caused by its war on Iran, the Trump administration is negotiating a bailout for troubled Spirit Airlines. President Donald Trump’s effort to buoy an airline in its second bankruptcy has drawn both criticism from the right and skepticism from within his own … Read more
Spirit Airlines is in advanced bailout discussions with the Trump administration, sources familiar with the negotiations told CBS News. Kris Van Cleave reports. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Video Shows Heart-Stopping Moment a Bear Charges at a Hiker 00:51 Fernando Mendoza Won’t Be at the 2026 NFL Draft: Here’s Why 03:36 Now Playing Spirit Airlines Nears Bankruptcy Bailout From Trump Administration 02:52 UP NEXT Hikers Rescued From Cliffside … Read more