Spirit Airlines seeks federal bailout

Facing a critical cash shortage and rising fuel costs, Spirit Airlines has turned to the White House for a financial lifeline.

The proposed bailout would provide the airline with enough liquidity to continue operations through the busy summer travel season.

However, the deal has faced criticism from some Republicans who argue against government intervention in private business.

If finalized, the rescue would mark one of the most significant federal involvements in the aviation sector since the 2008 financial crisis.