Spirit Airlines Bailout Talks: Trump Weighs In

0:00On April 22nd, the Trump administration is close to a bailout deal for spirit airlines, the budget carrier staring down liquidation after tough times. They're talking about a federal loan of up to $500 million in exchange for a big ownership stake in the company. Reports from the Wall Street Journal and CNBC say talks are heating up, with sources close to the matter confirming the details. Earlier this week, President Trump himself weighed in, saying he loved to see someone step up to buy spirit outright. He highlighted the stakes, pointing out it could save 14,000 jobs, and suggested the government might need to pitch in on this one. Spirit's been hit hard, filing for bankruptcy twice since late 2024. Back in 2022, a merger with JetBlue got blocked by a judge over monopoly worries, and they turned down a 2.16 billion. Dother offer from Frontier last year. Now, the airline aims to climb out of bankruptcy by this summer. But experts warned rising fuel prices from the Iran conflict could derail that, leaving

1:03the future of those jobs and routes up in the air as, negotiations push forward. I'm Cory with the story, and you've been listening to entertainment and celebrity news today. AI-powered pop culture coverage.