Trump considers Spirit Airlines bailout

Spirit Airlines is in advanced negotiations with the U.S. government for a financing package that would help it emerge from bankruptcy protection.

President Trump suggested that the government could buy the airline at the 'right price,' describing it as a potentially sound investment.

However, the proposal has faced backlash from conservative economic advisers who label it 'corporate welfare' and fear the precedent of government intervention.

The airline's struggles have been exacerbated by the surge in jet fuel costs resulting from the ongoing conflict in the Middle East.