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IF DONALD TRUMP HAS HIS WAY, America’s Worst Airline™ might soon become our national flagship carrier.
The ultra-low-cost carrier is going bust. It’s been in trouble for a while: It filed for Chapter 11 bankruptcy protection last summer, for the second time in less than a year, and is now facing the prospect of liquidation. That’s largely because it cannot survive the sky-high1 jet-fuel prices caused by Trump’s Iran war, which is expected to raise Spirit’s costs by an estimated $360 million this year. You can’t sell enough $40 fares to fill that hole in the balance sheet.
One solution Trump is considering? A bailout, on the taxpayer’s dime.
