Gatestone Institute senior fellow Gordon Chang discusses China’s oil decline, sanctions loopholes, and military threats against Taiwan on ‘Mornings with Maria.’
Sen. Ted Cruz, R-Texas, came out against the Trump administration’s proposed bailout plan for Spirit Airlines on Wednesday.
Cruz responded to reports that the management plan would see the US government own 90 percent of the airline. President Donald Trump first floated the idea of buying the airline on Tuesday.
“This is an absolutely BAD idea,” Cruz wrote in a statement to X.
“The TARP bailout was a huge mistake and the government knows nothing wrong with the failed airline (which was killed by Biden’s boss),” he added.
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Sen. Ted Cruz, R-TX, speaks during a news conference. (Chip Somodevilla/Getty Images/Getty)
Cruz was joined by Seni. Tom Cotton, R-Ark., on rolling back the program this week. Cotton argued that “it’s not the best way to spend taxpayer dollars.”
“If Spirit’s creditors or other potential investors don’t think they can run it profitably from its second bankruptcy in less than two years, I doubt the US Government can,” Cotton wrote in X.
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Trump was interviewed on CNBC’s “Squawk Box.” on Tuesday and said, “I don’t mind merging”, suggesting that could help solve the problems Moo is facing.
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President Donald Trump addresses reporters before answering questions before boarding Air Force One. (Wina McNamee/Getty Images/Getty Images)
“You know, the Spirit is in trouble, and I would like someone buy the Spirit. That’s 14,000 jobs, and maybe the federal government should help that one,” the president said.
He went on to draw a contrast between the merger involving Spirit and reports of a possible merger between United Airlines and American Airlines, saying those companies are “doing very well. I don’t like them merging.”
The Secretary of Transportation, Sean Duffy, spoke on Tuesday at an event about changes to the national air traffic control system and accepted the president’s comments, adding that he will look into the issue.
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Spirit Airlines filed its bid a second time bankruptcy in August 2025 amid mounting losses and dwindling reserves. The low-cost carrier first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.
A JetBlue flight descends past a Spirit Airlines flight on the taxiway at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images/Getty Images)
In late February, Spirit announced a deal that would allow it to emerge from bankruptcy proceedings in early summer after reaching an agreement with creditors.
The airline told the court that the deal would allow it to emerge as a leaner company, focusing on high-demand routes and periods and cutting some of its overhead costs. aircraft rental and improving the utilization of its remaining fleet.
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It also plans to expand premium seat options and improve its loyalty programs to drive repeat business and maintain its low-fare stance.
Fox Business’ Eric Revell contributed to this report.
