Spirit Airlines has asked the Trump administration for an emergency bailout as it faces the threat of liquidation over rising fuel costs caused by the Iran war, according to reports.
The budget carrier has struggled to rebound from the Covid-19 pandemic and adapt to shifting demand, as passengers favored full-service airlines when travel resumed. Spirit Airlines ended up filing for bankruptcy twice, first in November 2024 and then in August 2025. By its first bankruptcy filing, it had lost more than $2.5 billion since 2020.
