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"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout

Zero Rss
22 hours 57 minutes ago
"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout

Bankrupt Spirit Airlines appears to be flying on fumes, with a late Friday report indicating the budget carrier has become so desperate for cash that it has approached the Trump administration for an emergency bailout, even as creditors mull pulling the plug at any moment.

Aviation news website The Air Current reports that Spirit has asked the Trump administration for "hundreds of millions of dollars in emergency funding" to offset the surge in jet fuel costs that have pushed the carrier even closer to "possible liquidation." The report was based on multiple accounts from individuals familiar with the situation.

In a separate report, CBS News also confirmed through its sources that "Spirit is looking for a lifeline" and that creditors are questioning whether the airline can meet future multimillion-dollar debt payments due to surging jet fuel costs.

The airline had been aiming to exit its second bankruptcy since 2024 by this summer, but the U.S.-Iran conflict spiked jet fuel prices so quickly that it appears the airline had limited hedging in place to offset the surge.

Side note: The best-hedged airline amid the jet fuel turmoil has been Delta Air Lines, the only U.S. carrier to operate a refinery.

Spirit executives and other budget carriers are expected to meet with Transportation Secretary Sean Duffy next week.

"Spirit is flying on financial fumes," airline industry analyst Henry Harteveldt told CBS News on Wednesday.

CNBC and Bloomberg warned earlier this week that Spirit's "risk of liquidation" was elevated.

Harteveldt warned that Spirit's operations could cease if enough creditors decide to pull the plug.

By late week, jet fuel prices had fallen, and airline stocks soared on news that Iran had reopened the Strait of Hormuz chokepoint.

Meanwhile, UBS analysts called for a possible bottom in airline stocks (read the report) in mid-March. 

For years, Spirit was a profit machine, but the pandemic, combined with the failed $3.8 billion merger with JetBlue due to a Biden-era federal court ruling, left the budget carrier in financial straits

Tyler Durden Sat, 04/18/2026 - 09:55
Tyler Durden

The Democrats' National Popular Vote Push Is About Fear, Not Fairness

Zero Rss
23 hours 32 minutes ago
The Democrats' National Popular Vote Push Is About Fear, Not Fairness

Virginia Gov. Abigail Spanberger signed the National Popular Vote Interstate Compact into law this week, adding her state's 13 electoral votes to a growing coalition that wants to effectively render the Electoral College a ceremonial relic. The move is strategically transparent, and it tells you almost everything you need to know about the Democratic Party's relationship with electoral math right now.

The compact now covers 18 states and the District of Columbia, totaling 222 electoral votes - 82% of the 270-vote threshold required to trigger the agreement. When that threshold is crossed, every member state would be obligated to award its electoral votes to the winner of the national popular vote, regardless of how its own residents voted. 

Democrats lead every single state that has signed the compact. 

The stated rationale has always been simple: twice in the modern era, a Republican won the presidency despite losing the popular vote: George W. Bush in 2000 and Donald Trump in 2016. Democrats argued the system was undemocratic, a quirk of 18th-century compromise that distorted the popular will. Even though Bush and Trump both went on to win the national popular vote in their second terms, the compact's momentum has not waned.

If anything, the push has accelerated - which reveals the real motivation behind it. 

Democrats are staring at a demographic and geographic clock, and they don't like what it's telling them. Fox News projects the party could lose up to 14 net Electoral College seats following the 2030 Census, as population shifts continue favoring red states. Florida is projected to gain 2 electoral votes, Texas 3, Idaho and Utah 1 each. California stands to lose 3, Illinois 2, New York and Rhode Island 1 apiece. 

🚨 MASSIVE: Democrats are staring down a devastating Electoral College loss of possibly 14 NET SEATS in the coming 2030 Census

This will SEVERELY constrain their ability to win the House and Presidency

FL: +2
TX: +3
ID: +1
UT: +1

CA: -3
NY: -1
IL: -2
RI: -1

Don't count… pic.twitter.com/ez7js1apGo

— Eric Daugherty (@EricLDaugh) April 16, 2026

The compact, in this light, is less a principled stand for democratic purity and more a preemptive strike - an attempt to erase projected Republican gains before the new maps are even drawn.

The Virginia case is a useful illustration of how the compact actually works in practice - and how disconnected its logic has become from its stated ideals. Virginia voted for Kamala Harris in 2024. Under the compact, all 13 of its electoral votes would have gone to Trump, who won the national popular vote. Run that math based on the current compact membership, and Trump would have won the 2024 election 533-5 under the very system Democrats are fighting to implement. 

There's a structural argument for the Electoral College that gets less attention than it deserves: federalism works. The current system forces campaigns to engage with the regional particularities of states like Pennsylvania, Michigan, and New Mexico. Candidates have to build broad coalitions that speak to a range of economic, cultural, and geographic interests — not just run up the score in population centers.

Election integrity is another dimension the compact's proponents prefer not to discuss in detail. The Electoral College system actually contains and isolates fraud risk because manipulating a presidential outcome requires coordinating across multiple jurisdictions. That’s a significantly harder logistical undertaking. 

But, under a national popular vote, that calculation changes. Every fraudulent vote, wherever it's cast, flows directly into the national tally. Padding a safely partisan state that currently has no effect on outcomes suddenly becomes a worthwhile project for bad actors.

The compact also creates a sovereignty problem that its advocates haven't resolved. A state that invests in election security - tightening voter ID requirements, maintaining clean voter rolls, restricting mail-in balloting - could still have its presidential outcome determined by the looser practices of another member state. Voters in one jurisdiction effectively inherit the election administration decisions of every other. It's a framework that rewards the lowest common denominator.

The Electoral College system was a genius invention by the Founding Fathers that has stood the test of time, while the National Popular Vote Interstate Compact is a proposal shaped by electoral anxiety, not democratic principle.

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Tyler Durden Sat, 04/18/2026 - 09:20
Tyler Durden

California’s embarrassing $2 billion budget error exposed, even as state leaders knew about blunder for months

NY Post
23 hours 52 minutes ago
California’s budget mess just got a whole lot messier — and a whole lot more embarrassing. Top lawmakers sat on a staggering $2 billion accounting blunder for months while publicly warning of a looming budget crunch, according to a bombshell memo that’s now blowing the lid off the quiet deception. Gov. Gavin Newsom’s administration built...
Pierce Sharpe

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