Spirit Airlines Bailout Negotiations

Spirit Airlines, which has filed for bankruptcy twice in two years, is struggling to survive amid skyrocketing jet fuel costs and operational losses.

Transportation Secretary Sean Duffy and Commerce Secretary Howard Lutnick are leading the deliberations, though some officials worry about the long-term viability of the carrier.

The potential bailout aims to prevent a total liquidation that could lead to higher ticket prices across the aviation industry.

However, some Republicans have criticized the plan as a 'terrible idea' that uses taxpayer funds to subsidize a failing business model.