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Trump Mulls $500 M Spirit Airline Bailout, Senators Warn

4/24/2026

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Summary

Story summary

President Donald Trump said on April 22, 2026 the U.S. is weighing a $500 million deal to aid Spirit Airlines.
Spirit, a low-cost carrier with 14,000 staff, filed Chapter 11 in August 2025 and owes $7 billion.
Marshall Huebner told a York court Spirit needs almost $240 million of cash by week’s end to stay operating.
Senators Ted Cruz and Tom Cotton warned the bailout is a risky taxpayer precedent.

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Story summary

President Donald Trump said on April 22, 2026 the U.S. is weighing a $500 million deal to aid Spirit Airlines.
Spirit, a low-cost carrier with 14,000 staff, filed Chapter 11 in August 2025 and owes $7 billion.
Marshall Huebner told a York court Spirit needs almost $240 million of cash by week’s end to stay operating.
Senators Ted Cruz and Tom Cotton warned the bailout is a risky taxpayer precedent.