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theguardian.com
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Spirit Airlines prepares to shut down as rescue deal collapses
Spirit Airlines is preparing to shut down after a $500 million bailout fell apart and bondholders balked. Facing an acute cash shortfall, the carrier is moving to liquidate aircraft and wind down operations, and executives have not set a public timetable. The collapse will disrupt thousands of booked passengers, put large numbers of Spirit employees at risk of job loss, and remove a major low-cost option on many routes.
* SPIRIT AIRLINES PREPARES TO SHUT DOWN AS RESCUE DEAL FALLS APART -- WSJ @reuters.com $SAVE
sunbirdie.bsky.social60Fine with me. I'm tired of bailing out corporations. Spend the money on healthcare, education, and possibly VOTING RIGHTS!!
Tim20It's for the best. A bailout or buyout isn't in the nations interest.
Loansey Jonesy15Now I’ve got nothing to get dressed up for
TheStoneColdNuts12🥳🥳🥳 Fuck those guys! They lost my luggage once and I had to walk around Miami in corduroys and boots
jc7Did they refuse to rebrand as Trump Airlines?
rlkl8290.bsky.social7Good and no taxpayer money. They should pull themselves up by the bootstraps
Holli Winters7Wow.....Trump trying to get a better deal? Or which Billionaire or Trump child is planning on swooping in?
What if it gets so bad that, GASP, lawmakers have to DRIVE to DC and work, or even take the TRAIN..
ringjo.bsky.social3Good! Let them fail…they suck at the job!!
670rv3Another unfilled promise from WH!
Trump is a convicted RAPIST2Mark that up as another company Trump has bankrupted.
PMO2Ah, yes, America's golden years...
wasthistakenyet.bsky.social2This will be the first of tens of thousands of businesses failing here on out. Get ready. Trump really screwed the pooch pulling all the levers having no idea what he is doing. Just like his first term.. we knew better.
Big Money Investigator2Trump brought the Strait waterways to the sky. We'll have no land next.
Spirit Airlines is preparing to shut down after a $500 million government bailout fell apart, WSJ reports
Lisa G19I care about employees losing their jobs but I've held a grudge bc ys ago I watched as Spirit broke our stroller trying to open it. When reporting it to Spirit claims, they laughed, telling me Spirit will never pay for their damage. Calls & letters proved him right. Terrible service deserves an end
K13What, Trump isn’t going to have the US government buy them like he was spouting the other day?
ProudDetroiter11Not a fan of spirit but losing an airline never lowers ticket prices.
MJ6In capitalism it’s survival of the fittest. I don’t think any company is too big to fail. I can think of a few more I’d like to see shut down like Amazon or Meta
OtakuNoRico 🇺🇦🇵🇸5Spirit sucked ass but losing a major carrier now means everything just gets that much more expensive.
Ryanthomjohn4Farewell the only affordable flight in the skies
Hope Springs4A scintilla of common sense. Hate the loss of jobs and disruptions but whooppee.
dirgesinthedark.bsky.social3Another bankruptcy that can be traced directly to Trump.
Fool's Gold Medal 🃏2legally we can no longer listen to Spirit in the Sky once they shut down, thems the rules music.apple.com/us/album/spi...
Noe2They were the most affordable airline, I’m not sure why people are celebrating their shut down.
Emily Heydon2I remember once getting on one of their flights from O’Hare to LAX and one of the engines made a weird noise the entire way and I was left low key wondering if it was about to fail at any moment
Q: Did you decide against bailing out Spirit Airlines? TRUMP: Well, I guess we're looking at it. If we can do it, we'd do it Q: They're preparing to shut down this weekend TRUMP: Well, we're looking at it
Nick41He has 0 clue what is happening
Philo of Alexan24Trump shown here just now learning Spirit Airlines needs a bailout
J.C Denton15There’s a Spirit Halloween joke here somewhere.
Jason Wippich11Just give him two weeks
KevTheRev10Watch: He'll wait until the last minute, buy it outright on the cheap, slap his name on all of the planes, then give himself the "contract" for deportation flights... 🤬🤬🤬
upstateny.bsky.social7Hi....breaking news.....he has NO IDEA WHAT IS HAPPENING IN REGARDS TO EVERYTHING. Kushner and Miller (Putin) are in charge.
Renée the Fucking Bitch Witch ✨️ 🇺🇦 ♿️ 🖇6The only thing he takes seriously is the ballroom.
Almightrex5"What year do you think it is, mr president?"
Joanne💋💙4"We're looking at it" is his new "in two weeks" go to line. One trick piggy.
Chrysostom4He has no idea what is going on with anything apart from his ballroom.
T-Fish🇨🇦🍁4He has no idea what he’s talking about. None.
Robert Williams3HTF do you go from "we're looking at it" to "we gave them a final proposal" in the space of a minute?
🔵Vincefil3You can tell by his tone that he has no clue what the question is about. No clue.
Topkick753If they offer to call it Trump air 2.0 he’ll be all over that.
firesaga.bsky.social2He sounds like me haggling over a used car.
Logic Thinker2Yeah he has no idea what the question was about, and he has not idea what he is going to do… until he finds some way to align his own pockets.
TruelyEsoteric2He has no clue what is happening
weekend worrier2you’re just telling me this for the first time
sparty0n.bsky.social2This is a great example of 'he doesn't know and he doesn't care' It doesn't impact his pocket directly so he isn't concerned at all.
Spirit Airlines, which has struggled for years, is said to have failed to secure a $500 million lifeline from the Trump administration and is preparing to shut down.
Olga Nesterova51Spirit Airlines is preparing to shut down operations and could stop flying immediately. Following 2nd bankruptcy filing and failed bailout negotiations, the airline is facing imminent liquidation. It is highly risky to book new flights, existing passengers should look for alternatives.
Covid cave dweller3Guess they didn't donate enough or kiss his ass as much as the airline he's going to help pick their bones 🤷🏻♀️
Brett53553I feel bad for all the people that will be affected by this, but happy for #WeThePeople who will not be footing the bill for this boondoggle.
boykobostonian.bsky.social2As long as they don't sell the planes through shell companies to Russia, who is now using civil aviation to move military supplies around.
David Stone2Meaning 10,500 employees are out of a job, and 75-80 aircraft are now grounded. The way I read the first number is "10,500 rents or mortgages in jeopardy of default, and 10,500 families in jeopardy of running out of food." Drama Queening? No. 60% or more of all Americans live paycheck to paycheck.
WSJ reports the Spirit Airlines bailout isn't going to happen, bondholders and the government couldn't get on the same page in time to get the cash needed to keep operating.
Isaiah Bishop16Hope someone is monitoring any bets
PPP Grifter (payroll not the other one)3Oh well, maybe we can buy their planes cheap at auction. I will start the bid at $3.50
captainjohn.bsky.social2Their whole business was structured around cheap oil. They needed it to be less than $50 to be profitable which is why all the ULCCs have been having so much trouble for the last few years. No amount of bailout was going to help when oil is at $100 plus
Spirit Airlines is about to shut down after failing to get a handout from the Trump admin.
DTwyman5If they had offered to put Trump‘s name on the tail or wings in gold letters, he might’ve stepped in.
Detective Steak5Nothing of value was lost
Mona4I guess there was nothing in for him if he’d given them a handout.
Roger the Dodger3That's the Spirit! #LunchPun On a more serious note, probably the first of many... 🫣 www.mirror.co.uk/money/wizz-a...
Brian 323Apparently there wasn't enough cash for trumps pocket in the proposed deal
blueduck 🇨🇦🇺🇦🇲🇽2Good. Garbage carrier not worthy of saving
Putin, the Funking Barsteward2Just the first. There will be a knock on effect.
Tooey2Republicans must have finally said no to that clown.
BREAKING: "We’ll have an announcement, sometime today we gave them. We gave them a final proposal.” Trump says his administration gave a “final” bailout proposal for Spirit Airlines as the budget carrier could be forced to liquidate without a lifeline.
Simeon Pundit6I thought socialism/communism was bad. So confused now.
RobinLikeTheBird3Bail them out with your own damn money, not mine.
mclochness.bsky.social3Why bail out an airline and not some plumbing supply co going out of business? If they did not succeed for various reasons then so be it. Why is it up to us to pony up the cash?
