White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
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President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
Travel experts say this potential bailout could be a good deal for consumers, but not for taxpayers.
The negotiation comes after President Trump publicly said he wanted his administration to look at a rescue package for the budget carrier.
President Donald Trump is suggesting the federal government could help keep Spirit Airlines afloat while also calling for a buyer to step in.
Multiple news outlets report that Spirit Airlines could liquidate its assets as soon as this week.
Airlines including JetBlue, Breeze and Allegiant are expanding service at Fort Lauderdale-Hollywood International Airport.
Spirit Airlines is ending service in nearly a dozen U.S. cities this week. The cuts could impact more than just those who fly with the budget airline.
CBS News Miami's Ted Scouten reports from Fort Lauderdale-Hollywood International Airport, where Fort Lauderdale-based Spirit Airlines has announced plans to furlough 1,800 flight attendants before the end of the year.
Spirit Airlines to furlough 1,800 flight attendants as budget carrier restructures, looks to cut costs.
Spirit CEO Dave Davis sent a letter to employees Wednesday outlining plans for a "reduction of about 25% in capacity" year over year.
Twice within a year, South Florida-based Spirit Airlines has gone through bankruptcy—and now it's looking for ways to save millions of dollars.
Capacity cuts "will inevitably affect the size of our teams," Spirit Airlines CEO Dave Davis said in a memo to employees.
Air traffic controllers urgently and repeatedly ordered the pilots of a Spirit Airlines flight out of Fort Lauderdale to turn away from Air Force One over Long Island, New York as Air Force One took President Trump and others to a state visit to the U.K.
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its ability to stay in business.
Spirit Airlines announced that 270 pilots will be furloughed and 140 more will be demoted. The airline said the move is necessary to return to profitability.
Banks told CBS News Miami she had arrived in Miami from Houston last week for a cosmetic procedure she preferred to keep private.
A Houston woman recovering from a cosmetic procedure was denied boarding by Spirit Airlines at Miami International Airport Wednesday afternoon, despite showing medical clearance from her doctor.
A woman says Spirit Airlines denied her boarding over her shorts, sparking a dispute that ended with her sister's arrest.
The South Florida-based company says it has shed a lot of debt and has received more than $350 million in equity investment.
Spirit Airlines will resume flights from Arnold Palmer Regional Airport to Fort Lauderdale, Fla.
Spirit said it would press on with its own plans to save the company.
The proposed deal would include newly issued Frontier debt and common stock.
The low-cost airline, headquartered in Dania Beach, updated its contract of carriage outlines restrictions.
Johnny Baptiste Jr.'s loved ones say the child could have lost his life when he was struck while walking to school with his cousin.
On Wednesday, the national average was $4.22, while the average price in Florida reached $4.15 per gallon.
Chopper 4 was over the scene where you can see the white crane tipped over on one home's driveway.
Former Florida governor and U.S. Rep. Charlie Crist is running for mayor of his hometown of St. Petersburg.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
The votes happened hours after the Supreme Court narrowed a section of the Voting Rights Act that requires some states to create majority-minority districts.
Johnny Baptiste Jr.'s loved ones say the child could have lost his life when he was struck while walking to school with his cousin.
On Wednesday, the national average was $4.22, while the average price in Florida reached $4.15 per gallon.
Chopper 4 was over the scene where you can see the white crane tipped over on one home's driveway.
Former Florida governor and U.S. Rep. Charlie Crist is running for mayor of his hometown of St. Petersburg.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Former Florida governor and U.S. Rep. Charlie Crist is running for mayor of his hometown of St. Petersburg.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Photos show some of the highlights as King Charles III and Queen Camilla with President Trump and first lady Melania Trump during an official state visit to Washington, D.C.
The votes happened hours after the Supreme Court narrowed a section of the Voting Rights Act.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
Several commissioners have raised questions about how the center would be funded in future years.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
Luna said she expects Florida Democrat Sheila Cherfilus-McCormick to be the next member who either resigns or gets expelled.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.