Spirit Airlines close to a $500 million bailout from Trump administration - CNN

Earlier reporting that Spirit was close to a roughly $500 million federal bailout reflected urgent, active negotiations as the airline’s cash ran short. Subsequent accounts show how last‑minute demands, contested conditions and creditor pushback caused talks to collapse and operations to halt. The shutdown produced immediate, visible impacts at airports — notably LaGuardia’s Marine Air Terminal, which sat largely empty after service stopped. After the failure, competitors quickly adjusted networks to capture Spirit customers, likely reducing low‑cost capacity and pushing average fares higher.