Trump Mulls Spirit Airlines Bailout

0:00President Trump just dropped that his team is still mulling a taxpayer bailout for spirit airlines with talks heating up but no final call yet. He told reporters they're eyeing a full takeover to save the no-friars carrier from collapse, and an announcement might hit as soon as Friday or Saturday. This idea popped up last week when Trump first floated government help, betting they could flip the airline for profit once oil prices dropped from the eye-ranging intentions. It's been hit hard, filing for bankruptcy in November 2024 and again in August 2025, racking up over $2.5 billion in losses since 2020. Lawmakers on both sides are pushing back hard against dipping into taxpayer pockets for a chronically struggling airline, calling it a risky handout. Meanwhile, unions for pilots and flight attendants are all in, arguing a shutdown with killed jobs and jack-up fares by killing competition. The admins slid over what Trump called a final proposal, framing it as job protection

1:02that puts America first, kind of like they're staking intel, but different. Spirit's lawyers even told bankruptcy court they're deep in government financing talks to climb out of chapter 11. Right now, everything's hanging as Spirit's debts pile higher. Watch for that decision soon, it could reshape how we bail out big players in tough times. From your city, powered by AI? This is Canada News Today.