Spirit Airlines Bailout Talks

Transportation Secretary Sean Duffy and Commerce Secretary Howard Lutnick have been leading the deliberations over the potential rescue package.

Proponents argue that the collapse of Spirit would lead to higher ticket prices across the industry by reducing competition.

However, some Republican lawmakers have slammed the proposal, calling it a 'terrible idea' and a poor use of taxpayer dollars.

The deal would likely include strict conditions on executive compensation and a requirement for the airline to maintain certain service levels to underserved communities.