President Donald Trump is suggesting the federal government could help keep Spirit Airlines afloat while also calling for a buyer to step in.
“Spirit’s in trouble and I’d love somebody to buy Spirit. It’s 14,000 jobs,” Trump said in a CNBC interview.
“And maybe the federal government should help that one out. ”with lenders. That plan was quickly disrupted when U.S. and Israeli strikes on Iran sent oil prices soaring above $100 a barrel, with jet fuel costs doubling in some markets as the fighting in the Middle East continues to disrupt global oil supplies. Trump did not offer details on what type of government aid could be provided.
But asked separately on Tuesday about potential government relief, Transportation Secretary Sean Duffy told reporters that the president had directed the department to review possible options.
“He’s directed us to take a look. I’ll have a conversation with the president later today,” Duffy said, adding that he was also meeting with some of the budget carriers later Tuesday.
Congress has stepped in to authorize federal support for airlines before, most notably after the Sept. 11 terrorist attacks and Already weakened by soft domestic demand and persistent losses, especially since the pandemic, Spirit has come under growing financial strain as the higher fuel costs have added fresh uncertainty about its ability to continue operating. Against that backdrop, the union representing Spirit flight attendants sought to address growing concerns in a memo sent last Thursday to members.
“There have been speculative reports of liquidation. While we want to make it clear that conditions have worsened, at this time there are ongoing efforts to keep Spirit operating,” the Association of Flight Attendants said. ”We know you need the best possible information on this and we will keep you closely advised. But to be clear, at this time there is no definitive decision to halt operations.
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