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Trump says a 'final proposal' to rescue Spirit Airlines is under consideration
Economy May 1, 2026 5:11 PM EDT WASHINGTON (AP) — President Donald Trump said Friday his administration is still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout. Speaking to reporters before departing the White House for Florida, Trump emphasized that a deal to rescue the financially strapped airline remained under review. The president did not provide details but said an announcement could come as soon as later Friday or Saturday. WATCH: Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy "We're looking at it. If we could do it, we'll do it. But only if it's a good deal," Trump said. Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. The possibility of a bailout first emerged publicly last week, when Trump floated the idea of the U.S. government offering Spirit a financial lifeline to help keep the airline from going bust and out of business. The president suggested the government would be able to resell the airline known for its bright yellow planes and "no frills" service for a profit once
Trump says Spirit Airlines rescue deal could come soon
May 1, 2026, 2:49 p.m. ETPresident Trump stated the White House has given Spirit Airlines a final proposal to rescue the bankrupt carrier.Spirit is reportedly preparing to cease operations if a deal is not reached with creditors for a government bailout.The White House has contacted other airlines to discuss accommodating Spirit passengers in the event of a shutdown.WASHINGTON — President Donald Trump said on Friday the White House had given Spirit Airlines and its creditors a final proposal to try to rescue the bankrupt airline, even as the budget carrier makes preparations to shut down if no deal is reached. "We're looking at Spirit. If we can help them, we will, but we have to come first," Trump told reporters. "If we could do it, we'd do it, but only if it's a good deal." Trump added he expected an announcement later on Friday.Two people familiar with the matter confirmed a Wall Street Journal report that Spirit is preparing to cease operations after hitting an impasse in talks with some creditors on a $500 million government bailout plan. The White House has reached out to other airlines to discuss how to accommodate passengers with Spirit tickets who could be stranded
Trump gives Spirit Airlines final bailout offer as airline considers shutting down
President Trump confirmed the White House is considering a deal to bail out financially distressed Spirit Airlines. “I guess we’re looking at it,” Mr. Trump told reporters Friday at the White House. “If we could do, we’d do it, but only if it’s a good deal.” “No institution has been able to do it, but I said I’d like to save the jobs, but we’ll have an announcement sometime [Friday],” he said. “We gave them a final proposal.” Spirit Airlines is preparing to shut down operations, after a last-ditch effort to secure a $500 million federal rescue package reportedly collapsed. When asked what has been holding up the deal, Mr. Trump said, “We’re looking at trying to help them. It’s something we’re not looking to get involved with, but if we can, it’s 14,000 jobs.” He added, “I would say we are driving a tough deal but it’s one of those things. We will do it or we won’t.” The budget carrier, which reshaped American aviation over the last twenty years by selling inexpensive tickets and charging fees ranging from printed boarding passes to seat selection, has been strangled by high fuel costs, the COVID-19 pandemic, a failed merger and
Spirit Airlines prepares to shut down after government bailout collapses
Spirit Airlines is preparing to cease operations after a last-ditch effort to secure a $500 million federal rescue package fell apart, according to people familiar with the matter. The budget carrier, which reshaped American aviation over the past two decades by selling bare-bones tickets and charging fees for everything from printed boarding passes to seat selection, has been battered by high fuel costs, the Covid-19 pandemic, a failed merger and persistent engine defects. A spokeswoman for the airline said Friday it was “operating normally” but declined to comment further. The proposed bailout would have given the federal government a 90 percent stake in the Florida-based carrier in exchange for the loan — terms that drew opposition from several major bondholders, who said the arrangement would make the government the senior creditor and leave other investors worse off if the airline ultimately failed. Some Republican lawmakers also opposed a government rescue of Spirit. Transportation Secretary Sean Duffy expressed public skepticism about the rescue in recent weeks, questioning whether federal money could save the carrier long-term. President Trump had said he was open to a government takeover, describing Spirit as having “some good aircraft and good assets” and suggesting the government could
Trump gives go-ahead to major new Canada-U.S. oil pipeline
FORT COLLINS, Colo. — President Donald Trump granted a key approval Thursday for a major new oil pipeline from Canada into the U.S. that’s been dubbed “Keystone Light” over its similarities to a contentious project blocked by the Biden administration. The three-foot-wide (1 meter) Bridger Pipeline Expansion would carry up to 550,000 barrels (87,400 cubic meters) of oil a day from Canada through Montana and Wyoming, where it would link with another pipeline. The pipeline needs additional state and federal environmental approvals before construction, which company officials expect to start next year. Environmentalists hope to stop the project over worries that the pipeline could break and spill. At peak volume, the 650-mile (1,050-kilometer) pipeline would move two-thirds as much oil as the better-known Keystone XL pipeline that got partially built before President Joe Biden, citing climate change, canceled its permit on the day he took office in 2021. “Slightly different from the last administration. They wouldn’t sign a pipeline deal. And we have pipelines going up,” Trump said after signing his approval for it to cross the border between Saskatchewan and northeastern Montana. Trump in his first term approved the Keystone XL project in 2020 despite concerns from Native American
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