Shares of Spirit Aviation Holdings Inc. (OTCMKTS: FLYYQ) experienced a dramatic surge of over 130%, reaching around $1.40, primarily driven by speculation regarding a potential $500 million bailout from the Trump administration. This spike is indicative of panic and hope among investors, as the airline is currently in its second bankruptcy and facing severe financial challenges, including the possibility of halting operations. While the broader market, including the Dow Jones Industrial Average and S&P 500, showed positive trends, airline stocks overall declined due to rising jet fuel prices, which are currently around $4.24 per gallon. The proposed government assistance could involve the issuance of equity-linked warrants, which may dilute existing shareholders' stakes. Despite the recent rally, analysts caution that Spirit Airlines lacks a solid operational turnaround and remains at risk of liquidation. The airline's business model, heavily reliant on low fares, is under pressure from high operational costs and a shrinking fleet. Investors are urged to be cautious, as the current stock spike appears to be more speculative than indicative of true recovery.