Story perspectives

Trump Offers $500 M Rescue, 90% Equity Warrants for Spirit

5/2/2026

Summary

Story summary

The administration’s rescue offer ties $500 million in financing to warrants covering 90 % of Spirit Airlines’ equity.
President Donald Trump said the White House gave Spirit and its creditors a rescue proposal as the carrier neared shutdown.
United Airlines and American Airlines said they will support Spirit customers if the airline ceases operations, with American also capping fares on competing routes.
Spirit’s stock fell about 25 % after the proposal was announced.

1 of 1

Story summary

The administration’s rescue offer ties $500 million in financing to warrants covering 90 % of Spirit Airlines’ equity.
President Donald Trump said the White House gave Spirit and its creditors a rescue proposal as the carrier neared shutdown.
United Airlines and American Airlines said they will support Spirit customers if the airline ceases operations, with American also capping fares on competing routes.
Spirit’s stock fell about 25 % after the proposal was announced.