Trump on bankrupt Spirit Airlines
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United Airlines CEO Scott Kirby is not concerned that a potential government bailout for Spirit Airlines will affect top legacy carriers. But other airlines, he said, might be fuming over the pending move.
United Airlines Holdings Inc UAL CEO Scott Kirby spent part of his company’s Q1 earnings call Tuesday publicly lobbying against the Trump administration’s looming rescue of Spirit Aviation Holdings FLYYQ,
Spirit Airlines confirmed it is in talks with the Trump administration for a rescue package.
A merger with JetBlue could have saved the company. Instead, taxpayers will now be forced to pick up the bill.
Spirit Airlines is reportedly in talks with the U.S. government over a potential bailout as it struggles to exit bankruptcy.
Spirit has not confirmed a liquidation, though it has filed for bankruptcy protection twice. Experts predict rising fuel costs could push the company to close its doors for good.
CNBC’s Phil LeBeau and United Airlines CEO Scott Kirby joins 'Squawk Box' to discuss the company's quarterly earnings results, reports of the company's interest in a potential merger with American Airlines,