{"id":8591,"date":"2026-04-22T15:12:39","date_gmt":"2026-04-22T15:12:39","guid":{"rendered":"https:\/\/friscotimes.org\/?p=8591"},"modified":"2026-04-23T06:14:05","modified_gmt":"2026-04-23T06:14:05","slug":"trump-administration-nears-500-million-rescue-deal-for-spirit-airlines","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=8591","title":{"rendered":"Trump administration nears $500 million rescue deal for Spirit Airlines"},"content":{"rendered":"\n

The Trump administration is nearing a rescue package for Spirit Airlines that could provide up to $500 million in financing for the struggling budget carrier, the<\/a> Wall Street Journal<\/a><\/em> reported. The deal, which has not been finalized, would reportedly give the government warrants to purchase Spirit stock, potentially leaving taxpayers with a meaningful stake in the airline if it recovers.<\/p>\n

\n

It\u2019s an unusually direct federal intervention in the fate of a single airline and comes as Spirit has been trying to survive an extended financial crisis. The low-cost carrier has struggled with rising jet fuel prices, weak demand in the leisure travel market, and the aftermath of a failed turnaround. Spirit had already been seeking government help as it faced the risk of liquidation. The airline reportedly was willing to offer the government equity in exchange for emergency aid, according to The Points Guy<\/a>.<\/p>\n

President Donald Trump signaled this week that he was open to federal support for Spirit. \u201cI\u2019d love somebody to buy Spirit,\u201d Trump said Tuesday in an interview with CNBC\u2019s Squawk Box<\/a><\/em>, adding, \u201cMaybe the federal government should help that one out.\u201d<\/p>\n

\u201cThe Trump administration continues to monitor the situation and overall health of the U.S. aviation industry that millions of Americans rely on every day for essential travel and their livelihoods,\u201d White House spokesperson Kush Desai told Fortune <\/em>in a statement.<\/p>\n

\u201cSpirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline\u2019s merger with JetBlue,\u201d the statement continued.<\/p>\n

Desai is referring to a 2022 bid by JetBlue to buy Spirit for $3.8 billion, arguing the two smaller carriers together would create a larger challenger to the Big Four airlines in the U.S.: American, Delta, Southwest, and United.<\/p>\n

However, in March 2023, the DOJ under the Biden administration stopped<\/a> the deal and argued Spirit\u2019s presence in the market created a \u201cSpirit Effect\u201d that forced other airlines to lower fares where Spirit competed. The DOJ said the deal would eliminate the nation\u2019s largest ultralow-cost carrier and raise fares for travelers.<\/p>\n

The Iran war sparked fuel shortages<\/h2>\n

Global airline carriers, not just Spirit, are dealing with surging jet fuel prices thanks to U.S.-Israeli strikes on Iran, which have disrupted \u200btraffic through the Strait of Hormuz\u2014previously the route taken by more than a fifth of the world\u2019s oil supply tankers.<\/p>\n

Spirit has said it plans to shrink its fleet to about one\u2011third of its pre\u2011bankruptcy size, retaining roughly 76 to 80 aircraft by the third quarter \u200bof 2026. It built the plan based on fuel costs averaging about $2.24 per \u200bgallon in 2026 and $2.14 in 2027, according to its March disclosures.<\/p>\n

By mid-April, jet fuel prices \u200cwere \u2060around $4.24 a gallon, roughly double the level assumed in its projections.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

The Trump administration is nearing a rescue package for Spirit Airlines that could provide up to $500 million in financing for the struggling budget carrier, the Wall Street Journal reported.…<\/p>\n","protected":false},"author":959,"featured_media":8592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[3009,4447,84,925,4788,3586,1994,30],"jetpack_publicize_connections":[],"yoast_head":"\nTrump administration nears $500 million rescue deal for Spirit Airlines - Frisco Times<\/title>\n<meta name=\"description\" content=\"The deal, which has not been finalized, would reportedly give the government warrants to purchase Spirit stock.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=8591\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump administration nears $500 million rescue deal for Spirit Airlines - 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