economy
Spirit Airlines Asks Trump Admin for Emergency Bailout
Spirit is flying on financial fumes.
TL;DR
- Spirit Airlines is seeking hundreds of millions of dollars in emergency funding from the Trump administration.
- The request is due to soaring jet fuel costs that have brought the airline closer to possible liquidation.
- Creditors are questioning Spirit's ability to meet future multimillion-dollar debt payments.
- Spirit is currently in its second bankruptcy since 2024.
- The airline's financial struggles are partly attributed to the pandemic and a failed merger with JetBlue.
- Spirit executives are expected to meet with Transportation Secretary Sean Duffy.