Spirit Airlines shutting down after rescue talks collapse
The airline had been in talks with the Trump administration about a $500m bailout.
Coverage by Political Leaning
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Notable Quotes
"The email came in at 1 am, so I was unaware."
— Yash Kothari , Other
"the final nail in the coffin for Spirit."
— Savanthi Syth , Other
"a final proposal to keep it in business."
— Donald Trump , Politician
"I would say that at this point, I don’t think it’s necessary. They do have access to cash."
— Sean Duffy , Politician
"This is tremendously disappointing and not the outcome any of us wanted."
— Dave Davis , Executive
"Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure."
— Dave Davis , Executive
"For any consumers worried about higher prices, American Airlines and Delta Air Lines are offering reduced fares on high-volume Spirit routes."
— Sean Duffy , Politician
"I would love somebody to buy Spirit... Spirit’s in trouble."
— Donald Trump , Politician
"It is a terrible idea; corporate bailouts are a mistake."
— Ted Cruz , Politician
"Right now, we can’t pass gas around here, much less a bill doing a Spirit deal."
— John Kennedy , Politician
"Where does it end? I mean, next thing you know, we’ll be bailing out football teams. I’m not a big fan of it."
— Troy Nehls , Politician
Key People
Dave Davis is the CEO of Spirit Airlines.
Former president of the United States known for his aggressive economic policies.
Commerce secretary during Trump's administration.
Republican Senator from Louisiana questioning DHS spending.
Savanthi Syth is a Raymond James analyst focusing on the airline industry.
U.S. Secretary of Transportation under Donald Trump.
Ted Cruz is a U.S. Senator from Texas and chair of the Senate Commerce Committee.
Troy Nehls is a Republican Representative from Texas.
Yash Kothari is a Spirit Airlines customer who expressed his experience with the shutdown.
Locations
Tags
All Coverage
The airline had been in talks with the Trump administration about a $500m bailout.
Spirit Airlines has ceased operations immediately after a proposed $500 million federal bailout collapsed, marking the end of over 30 years of service.
Spirit Airlines announced the immediate cessation of operations following the failure to secure a $500 million federal bailout, leaving passengers stranded.
After 34 years, Spirit Airlines has ceased operations due to financial difficulties and soaring oil prices, following a failed bailout attempt.
Spirit Airlines has grounded its fleet and begun winding down operations after talks over a $500 million rescue package from the Trump administration collapsed.
Spirit Airlines has ceased operations immediately after 34 years in business, leaving thousands of passengers scrambling to rebook their travel on other airlines.
Spirit Airlines is on the verge of shutting down after a proposed $500 million federal bailout deal championed by former President Donald Trump collapsed, failing to secure enough support from both the government and key bondholders.
Spirit Airlines has announced it will cease operations, following years of financial strain and failed bailout talks.
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