Spirit Airlines bailout looms

Spirit Airlines is facing a critical liquidity crunch as soaring jet fuel costs from the Iran war threaten its survival.

Sources familiar with the negotiations indicate that the White House is preparing a bespoke bailout to prevent a total collapse of the airline.

However, the plan has met with fierce resistance from some Republican lawmakers, including Senator Ted Cruz, who has branded the intervention a 'terrible idea'.

Critics argue that such a significant government stake in a private business would revive the very suspicions of corporate socialism that the administration claims to reject.