Trump Considers Spirit Airlines Takeover

Spirit Airlines is currently in advanced negotiations with the Department of Transportation for a financing package as it struggles to navigate bankruptcy protection.

The carrier's financial health has been severely impacted by the surge in jet fuel costs resulting from the ongoing conflict in Iran.

While some administration officials view the move as essential for maintaining low-cost travel, conservative critics have blasted the proposal as 'corporate welfare.' The potential bailout could include a government loan of up to $500 million.