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Search Results for "bailout"

Breaking NewsSpirit

Spirit Airlines Shuts Down, Liquidates After Bailout Collapses

Matthew Klint Posted onMay 2, 2026May 2, 2026 26 Comments
Spirit Airlines Airbus A320 shut down

UPDATE: Spirit Airlines has shut down, ending a 34-year run that transformed the U.S. airline industry and ushered in an era of no-frills service that made air travel accessible to millions of more Americans. An announcement on its website, posted at 3:00 am ET on May 2, 2026, confirmed the shutdown: It is with great […]

AnalysisNews

Budget Airlines Demand $2.5 Billion Bailout From Trump Administration

Matthew Klint Posted onApril 27, 2026April 27, 2026 25 Comments
budget airlines bailout

First it was Spirit Airlines. Now a wider group of budget carriers reportedly wants billions in federal relief. The White House and Congress should flatly reject this. Budget Airlines Want A $2.5 Billion Bailout According to The Wall Street Journal, several low-cost and ultra low-cost airlines are pitching the Trump administration on a $2.5 billion […]

Law In TravelSpirit

Trump Administration Prepares $500 Million Spirit Airlines Bailout That Looks Illegal And Leaves Taxpayers On The Hook

Matthew Klint Posted onApril 22, 2026 33 Comments
Spirit Airlines bailout

The Trump administration is reportedly working on a deal to provide Spirit Airlines with up to $500 million in government-backed financing, in exchange for warrants that could give the U.S. government a significant ownership stake in the carrier. Folks, I’ve got one word to describe this: illegal. Trump Administration Nears $500 Million Bailout For Spirit […]

Law In TravelSpirit

Trump Floats Bailout For Bankrupt Spirit Airlines And Hopes For A Buyer

Matthew Klint Posted onApril 21, 2026 22 Comments
Trump Spirit Airlines Bailout

With new comments from President Donald Trump suggesting openess to a bailout, Spirit Airlines is now at the center of an uncomfortable question: should the government step in to save it? Trump Floats Government Help For Spirit Airlines As Bankruptcy Crisis Deepens President Trump suggested that the federal government could step in to support Spirit […]

NewsSpirit

Spirit Airlines Asks Trump Administration For Taxpayer Bailout. That’s A Terrible Idea

Matthew Klint Posted onApril 18, 2026 17 Comments
Spirit Airlines bailout

Spirit Airlines is reportedly asking the Trump administration for a taxpayer-funded bailout to avoid liquidation. The answer should be: no way. Spirit Airlines Seeks Government Bailout As Financial Crisis Deepens According to The Air Current, which first broke the story, Spirit Airlines has approached the Trump administration seeking hundreds of millions of dollars in emergency […]

United Airlines

United Airlines CEO Banking On Future Government Bailouts, But Only For The Strong

Matthew Klint Posted onNovember 11, 2022November 13, 2023 8 Comments
a man in a suit sitting in a chair and holding a tablet

In a message to employees thanking them for a resilient third quarter and charting the long-term vision of the company, United Airlines CEO Scott Kirby offered an interesting insight into how he views the future of government bailouts in times of crisis. United Airlines CEO Assumes Future Bailouts Will Occur, But Not Necessarily For Everyone […]

Delta Air Lines

Delta’s Alternate Reality: CEO Claims Airline Did Not Receive Bailout

Matthew Klint Posted onApril 14, 2022November 14, 2023 17 Comments
a man in a suit and tie

Delta Air Lines’ CEO Ed Bastian argued with a straight face that Delta did not receive a taxpayer bailout during the pandemic. Does his claim have any merit? CEO Ed Bastian Claims Delta Air Lines Did Not Actually Receive a Bailout Earlier today I outlined Delta’s strong financial outlook for 2022 and how the Atlanta-based […]

United Kingdom

UK Airlines Attack Omicron Restrictions, Demand Fresh Bailout

Matthew Klint Posted onDecember 14, 2021December 13, 2021 21 Comments
UK Airlines Omicron

Airlines in the United Kingdom are pushing back against the latest government restrictions on travel, warning the measures have already destabilized and may create a “permanent scarring” of the airline industry. UK Airlines Push Back Against Government’s “Haphazard” Approach To Omicron Variant In a joint letter signed by the CEOs of airlines including British Airways, […]

Travel

Absurd Airline Hold Times Demonstrate Foolishness Of Bailouts

Matthew Klint Posted onJuly 10, 2021November 14, 2023 29 Comments
a woman wearing headset and sitting at a computer

Have you tried to contact a U.S. airline lately? Hold times are ridiculous…and seem to be getting worse. Wasn’t this what bailouts were supposed to prevent against? Instead, the longer hold times demonstrate how airlines took taxpayer money, pocketed it, and still are operating with limited staff. Absurd Airline Hold Times Prove How Dumb Bailouts […]

Travel

Airline Bailout: Expansion, Gouging At Taxpayer Expense

Kyle Stewart Posted onJune 27, 2021September 12, 2021 12 Comments
airline bailout

Carriers weren’t shy to discuss the tremendous hardship they’d be under and just how many jobs would be lost if they weren’t granted a bailout. But now that the recovery is here, the airlines seem to have forgotten who their friends were. If you are considering booking travel or signing up for a new credit card please […]

Analysis

Now the Mainstream Media Realizes Airline Bailouts Weren’t Necessary…

Matthew Klint Posted onMarch 17, 2021November 14, 2023 17 Comments
a plane on the runway

It only took the passage of a $1.9 trillion economic relief passage including tens of billions of dollars in airline subsidies, for a New York Times opinion to question the wisdom of such spending. A Critical Look At Airline Bailouts In The New York Times The piece comes from the always-feisty Andrew Ross Sorkin in his […]

Law In TravelNews

Buttigieg Hints Third Airline Bailout May Be Slipped Into Relief Bill

Matthew Klint Posted onFebruary 8, 2021November 14, 2023 15 Comments
a man speaking into a microphone

U.S. airlines have already been bailed out twice and are pining for a third bailout. While negotiations are ongoing, Transportation Secretary Pete Buttigieg expressed both an openness and confirmation of discussion on including a third bailout in a pending Congressional relief bill. Is A Third Airline Bailout Coming? Appearing on ABC’s “This Week,” Buttigieg essentially […]

News

Another Massive Bailout To US Airlines While Most Workers Get Bupkis…

Matthew Klint Posted onDecember 21, 2020November 14, 2023 13 Comments
an aerial view of an airport

The US Congress has just handed US airlines $15 billion in so-called “payroll support” as part of a new $900 billion stimulus bill. The math is alarming, especially considering that many Americans actually suffering will receive a pittance. US Airlines Benefit Greatly In New Stimulus Bill With Congress unable to reach a deal ahead prior […]

South African Airways

Insanity: South African Airways Receives Huge Bailout

Matthew Klint Posted onOctober 29, 2020November 14, 2023 11 Comments
a large white airplane flying over water

During a time in which even once-healthy airlines around the world are fighting for survival, South Africa just injected a whole lot more cash into South African Airways. Is this simply doing the same thing over and over again while expecting a result, the definition of insanity? Or is it even worse considering the current […]

Airlines

The Fallout of No New Airline Bailout

Kyle Stewart Posted onOctober 4, 2020November 14, 2023 15 Comments
American Airlines flight attendants

Now that furloughs have been announced, the failure to secure a second bailout for airlines is no longer theory, rather it’s reality. If you are considering booking travel or signing up for a new credit card please click here. Both support LiveAndLetsFly.com. If you haven’t followed us on Facebook or Instagram, add us today. First Bailout Labor Guarantees […]

United Airlines

United’s Last Ditch Effort To Secure Second Bailout

Matthew Klint Posted onSeptember 19, 2020November 14, 2023 17 Comments
a group of people posing for a photo

With furloughs looming, United Airlines has teamed up with its union counterparts to offer one final plea for a second bailout to Congress and the Administration. United Airlines Offers Final Plea For Second Bailout With furloughs less than two weeks away, United shared another note it sent to key political figures yesterday. The letter is […]

Delta Air Lines

Delta CEO Warns Of Catastrophic Job Losses Without Another Bailout

Matthew Klint Posted onAugust 12, 2020August 12, 2020 31 Comments
Delta Catastrophic Job Losses

Rich Uncle Pennybags Bastian has warned of “furloughs in the tens of thousands” without more help from the federal government for the U.S. airline industry. Joining the Kirby Khorus, Bastian is firmly behind another taxpayer-funded bailout for Delta and other U.S. airlines, insisting it is necessary to avoid catastrophic job losses. Delta CEO: Catastrophic Job […]

United Airlines

United Airlines CEO Courts White House Officials For Second Bailout

Matthew Klint Posted onAugust 7, 2020November 14, 2023 11 Comments
a man in a blue shirt

United Airlines CEO Scott Kirby is ramping up pressure for an extension to the Payroll Support Program by personally lobbying senior members of the White House and Congress. Will he succeed in a helping to secure a second bailout? CEO Kirby: United Will Survive With Or Without Second Bailout In a video message to employees […]

News

Desperate Republicans Embrace Another Bailout For U.S. Airlines

Matthew Klint Posted onAugust 6, 2020November 14, 2023 17 Comments
a man in a suit pointing at the camera

You may dispute the bias of my headline, but it is not intended to be a knock against the Grand Old Party as much as a descriptive adjective. The news, however, objectively represents a certain amount of desperation on the part of Senate Republicans in tight races as well as the President. Put simply: let […]

United Airlines

United CEO Hopeful For New $32 Billion Airline Bailout

Matthew Klint Posted onJuly 29, 2020November 14, 2023 32 Comments
a man in safety vest shaking hands with another man in safety vest

In a town hall meting with employees, United Airlines’ CEO Scott Kirby expressed hope that an additional round of airline federal payroll support will avert looming October job cuts. Kirby “Hopeful” That CARES Act 2 Will Pass Speaking to employees last week, Kirby said: “I know October 1st is a scary date that’s looking at […]

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