Ted Cruz Criticizes Trump Administration's Proposal to Bail Out Spirit Airlines
Ted Cruz pours cold water on Trump admin plan to bail out Spirit Airlines: 'TERRIBLE idea'
Fox Business
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Senator Ted Cruz (Republican, Texas) strongly opposed the Trump administration's plan to bail out Spirit Airlines, which would involve the U.S. government owning up to 90% of the airline. Cruz labeled the proposal a 'terrible idea,' arguing that government intervention in a failing airline is misguided.
- 01Senator Ted Cruz criticized the Trump administration's bailout plan for Spirit Airlines.
- 02The proposed plan would have the U.S. government owning up to 90% of the airline.
- 03Cruz described the idea as a 'terrible' mistake, referencing past corporate bailouts.
- 04Senator Tom Cotton (Republican, Arkansas) also expressed skepticism about the plan.
- 05Spirit Airlines is currently facing its second bankruptcy in less than two years.
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Senator Ted Cruz (Republican, Texas) has voiced strong opposition to the Trump administration's proposed bailout plan for Spirit Airlines, which could see the U.S. government owning up to 90% of the airline. Cruz criticized the plan as a 'terrible idea,' recalling the negative outcomes of past corporate bailouts under the Troubled Asset Relief Program (TARP). He was joined by Senator Tom Cotton (Republican, Arkansas), who questioned the wisdom of using taxpayer dollars for a struggling airline. President Donald Trump had suggested that federal intervention might be necessary to save Spirit, citing the potential loss of 14,000 jobs. Spirit Airlines, which filed for its second Chapter 11 bankruptcy protection in August 2025, is attempting to emerge as a leaner carrier after previous unsuccessful merger talks. The airline aims to focus on profitable routes and enhance its services to attract repeat customers.
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The bailout proposal could affect thousands of jobs and the airline industry, raising concerns about taxpayer money being used to support a failing business.
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