Spirit Airlines seeks bailout

The Trump administration is weighing a potential taxpayer takeover of Spirit Airlines, with the president suggesting the government could buy the carrier and resell it once oil prices drop.

Spirit's lawyers have warned that the airline's cash reserves are dwindling rapidly, making federal intervention a necessity for its survival.

The proposal has sparked a fierce debate among conservatives, with many criticizing the plan as 'corporate welfare' and a dangerous precedent for government involvement in private business.

Meanwhile, major competitors like United Airlines are reportedly monitoring the situation as they consider their own fare increases to offset the global energy shock.