Spirit Airlines nears deal with Trump administration for $500 million rescue package

The Trump administration on Wednesday neared a rescue deal for struggling Spirit Airlines, in a rare move to support a single air carrier. The deal, which has not yet been finalized, would offer $500 million to the discount airline, according to a person familiar with the matter. It would give the airline additional liquidity as it works toward emerging from bankruptcy and grapples with elevated fuel costs due to the war with Iran. The deal would also aim to create a durable well-funded a...