Spirit Airlines Only Has Enough Cash To Stay Afloat For A Few Days As Bailout Talks Stall

Bound for its third bankruptcy in two years, talks for a government-funded bailout of Spirit Airlines appear to have stalled with the affordable air carrier on the brink of collapse. CBS News reported that the Trump Administrationwas considering a deal to lend the airline 500 million in exchange for a 90% controlling stake in the carrier, but the creditors behind Spirit have not agreed, with some openly opposing it.