Revision History

The Trump administration is negotiating a $500 million rescue package for Spirit Airlines, which faces liquidation after its second bankruptcy in two years as jet fuel prices nearly doubled following the Iran war. The proposed deal — modeled on the government's 2025 equity stake in Intel — would give taxpayers warrants in the airline, but critics question both the legal authority for such a move without congressional action and whether Spirit's ultra-low-cost model is structurally viable regardless of any cash infusion.