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Story summary
- President Donald Trump said U.S. might buy or bail out Spirit Airlines, citing 14,000 jobs, weighing a $500 million loan with warrants that could give it 90% ownership.
- Spirit filed for bankruptcy in November 2024 and August 2025 after judge blocked its $3.8 billion JetBlue merger, with fuel $4.60 per gallon adding $360 million to expenses.
- Senator Ted Cruz and investor Kevin O’Leary criticized bailout, prompting Frontier and Avelo to request $2.5 billion for fuel costs.
