Spirit Offers Equity Stake to U.S. Government in Desperate Bid for Rescue Funding

Spirit Airlines, a low-cost carrier based in Fort Lauderdale, has urgently requested a financial rescue package from the U.S. government as a surge in jet fuel prices threatens to push the airline into liquidation. With fuel costs nearly doubling from by mid-April, the airline faces an additional $360 million in annual expenses, exceeding its unrestricted […] The post Spirit Offers Equity Stake to U.S. Government in Desperate Bid for Rescue Funding appeared first on the deep dive.