bailout News & Analysis

Spirit Airlines (SAVE) Faces Potential Bailout as Bondholders Assess Deal

Spirit Airlines (SAVE) is in a precarious position as bondholders evaluate a possible bailout by the government, according to President Trump. Spirit reported a $28.3 million operating loss in February, prior to increased jet fuel costs following geopolitical tensions. The airline's flight operations have decreased significantly, from 19,575 flights in May 2022 to 9,353 flights in May 2023. The Biden administration's objection to a merger with JetBlue has been cited as a factor affecting Spirit's financial strength.