Spirit Airlines is shutting down, the low-budget carrier announced on social media Saturday morning, after last-minute negotiations on a $500 million rescue plan with the Trump administration fell ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

Spirit Airlines may shut down after bailout talks with the Trump administration reportedly failed. The airline's financial troubles stem from a failed merger, two bankruptcies, and rising jet fuel ...

Spirit Airlines announced early Saturday that it will immediately shut down operations after failing to reach a deal for a government bailout, citing rising oil prices as a major factor. The airline’s ...

Spirit Airlines could get a $500 million bailout from Washington. The Trump administration is in talks about rescuing low-cost carrier Spirit Airlines, which is struggling to exit bankruptcy, ...

Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS ...

Spirit Airlines is facing severe financial difficulties, with analysts warning it could cease operations soon. Travelers booking with Spirit face a high-risk, high-reward situation with cheap fares ...

Travelers are unlikely to see major disruptions as the Trump administration reportedly moves closer to a bailout of bankrupt Spirit Airlines, industry experts say. Officials are discussing a roughly ...

Spirit Aviation Holdings Inc. has floated offering the US government an equity stake in the discount carrier to help stave off its potential liquidation, according to people familiar with the matter.

Spirit Airlines may get a lifeline from the Trump administration. President Trump on Tuesday said he was concerned about the prospect of 14,000 jobs disappearing as the struggling discounter faces the ...

President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic.

Spirit Airlines has requested emergency funding from the federal government due to rising jet fuel costs. The airline is at risk of liquidation following two recent bankruptcies and a failed merger ...