Trump Administration Prepares Illegal $500 Million Spirit Airlines Bailout — Taxpayers Stuck With The Bill

The Trump administration is reportedly preparing a $500 million bailout for Spirit Airlines, a carrier that has already burned through bankruptcy, taxpayer aid, and private capital without finding a viable business model. If this goes through, it will not just hand public money to a failing airline — it will normalize using legally dubious federal power to socialize losses for companies the market has already given up on.