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BumRushDaShow

(171,432 posts)
Sat May 2, 2026, 03:34 AM 16 hrs ago

Spirit Airlines shuts down after White House rescue deal falls through

Source: Washington Post

Updated May 2, 2026 at 3:30 a.m. EDT


Spirit Airlines is shutting down operations effective immediately, the airline said in a statement early Saturday, after a White House proposal to bail out the beleaguered budget carrier fell through.

The shuttering follows “extensive and comprehensive efforts to restructure the business,” the airline said, adding that the recent increase in oil prices and other pressures have “significantly impacted” its prospects. “With no additional funding available to the Company, Spirit had no choice but to begin this wind-down,” it said.

All flights have been canceled, and Spirit passengers should not go to the airport, the statement added. The airline said it would automatically process refunds for any flights booked directly with the company, while those who booked using a travel agent should contact the agent for a refund.

President Donald Trump suggested last week that the federal government should “just buy” Spirit Airlines, which has declared bankruptcy twice since 2024. The administration had been floating a $500 million rescue plan that would have given the government a hefty ownership stake in the budget airline — a proposal that drew criticism from some of Trump’s Republican allies, including within his administration. On Friday morning, reports emerged that the airline was unable to get support for the deal and would soon cease operations.

Read more: https://www.washingtonpost.com/politics/2026/05/02/spirit-airlines-flights-shutdown/



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Spirit Airlines shuts down after White House rescue deal falls through (Original Post) BumRushDaShow 16 hrs ago OP
A rescue deal? BidenRocks 16 hrs ago #1
no he actually wanted buy into the airline Skittles 15 hrs ago #2
With OUR money! BidenRocks 15 hrs ago #3
well of course Skittles 15 hrs ago #4
Jet Blue was willing to purchase it, so was Frontier ClaudetteCC 11 hrs ago #6
Frontier Spirit has a nice ring to it IronLionZion 9 hrs ago #10
What would be gained by a merger popsdenver 7 hrs ago #12
Since the two airlines had very similar route maps, not much jmowreader 2 hrs ago #14
As well as popsdenver 1 hr ago #16
To the extent it reduced competition, Igel 1 hr ago #17
"Everything he touches, dies." He's still breathing so it's not everything. cstanleytech 10 hrs ago #7
It's the Bezos Washington Post as a source. You expect anything but a stroke job for Trump? AZLD4Candidate 9 hrs ago #9
If it had gone otherwise . . . . . no_hypocrisy 14 hrs ago #5
Gee, I hope the airline executives are all ok. twodogsbarking 9 hrs ago #8
This would have been more of public liability and private profit. Hooray American style capitalism! AZLD4Candidate 9 hrs ago #11
It was a god awful airline anyway. Crowman2009 5 hrs ago #13
There's one group of people I grieve for in this situation jmowreader 2 hrs ago #15
I'm not feeling happy for the employees, either. n/t Igel 1 hr ago #18

BidenRocks

(3,441 posts)
1. A rescue deal?
Sat May 2, 2026, 03:50 AM
16 hrs ago

That was an excuse for chump to grab another headline.
Everything he touches, dies.
He could care less about the laid off workers or stranded passengers.
Fuck your deals! You have no deals!

Skittles

(172,449 posts)
2. no he actually wanted buy into the airline
Sat May 2, 2026, 04:09 AM
15 hrs ago

even some repuke assholes cried foul over that fucking proposed grift

Igel

(37,599 posts)
17. To the extent it reduced competition,
Sat May 2, 2026, 06:43 PM
1 hr ago

it would have reduced expenses and helped sustainability.

To the extent that there wasn't overlap, it would have retained competition.

When the merger was turned down because of the huge amount of competition that disallowing it would help maintain (that's deeply sarcastic, by the way) it was pointed out that the result of this would inevitably be Spirit's complete demise. And that it's departure from the market would reduce competition more than the merger would have. But disallowing the merger also preserved jobs, not a small bit of the thinking. (Of course, the shutting down ended jobs *and* put a lot of passengers in a pickle, but while predictable and entailed, it's certainly not a consequence of stopping what would probably have been a sounder outcome. I guess.)

If your default 'setting' is 'mergers, bad' then it's hard to get past that setting default to see further down the road, say, a business default.

no_hypocrisy

(55,198 posts)
5. If it had gone otherwise . . . . .
Sat May 2, 2026, 05:51 AM
14 hrs ago

Trump would have used OUR taxpayer dollars to buy a struggling airline.

But an airline has no place in the functions of a federal government.

And we wouldn't have "owned" it anyway.

Trump would have re-named it "Trump Airlines".

And like his prior "Trump Airlines," it would have gone under anyway.

AZLD4Candidate

(6,863 posts)
11. This would have been more of public liability and private profit. Hooray American style capitalism!
Sat May 2, 2026, 11:03 AM
9 hrs ago

Crowman2009

(3,578 posts)
13. It was a god awful airline anyway.
Sat May 2, 2026, 02:57 PM
5 hrs ago

Type up Spirit airlines on YouTube and you will get numerous videos of fist fights and screaming arguments. It made Soul Plane look like a first-class upgrade by comparison.

jmowreader

(53,322 posts)
15. There's one group of people I grieve for in this situation
Sat May 2, 2026, 05:52 PM
2 hrs ago

That's all the people who had bought round-trip tickets on Spirit, took their outbound flights, and now are trying to figure out how to get home.

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