What other newspapers are saying: No justification for airline bailout
Who could have imagined that the U.S. government would deem a budget airline too big to fail? Yet here we are, as President Trump is flying to the rescue of the beleaguered Spirit Airlines. This is a story of how one misconceived government intervention leads to another. Spirit last summer declared bankruptcy for the second time in less than two years. A hefty debt load and challenging business model has made a turnaround difficult. The Biden antitrust cops closed one escape hatch by blocking its merger with JetBlue in 2024. Now Spirit is getting slammed by soaring prices for jet fuel ...