5/1: The Takeout with Major Garrett
Spirit Airlines prepares to end operations after failing to secure government rescue deal; Trump tells Congress hostilities in Iran have "terminated."
Spirit Airlines
What happens if Spirit Airlines shuts down?
Spirit Airlines may cease operations as soon as Saturday after negotiations over a government aid package stalled. CBS News travel editor Peter Greenberg explains what it looks like when an air carrier shuts down.
Spirit Airlines could shut down Saturday
Spirit Airlines could collapse before Saturday, CBS News has learned. Kris Van Cleave has the latest.
Spirit Airlines may have days before collapse
Spirit Airlines has only days of cash on hand to continue operations, multiple sources tell CBS News. Kris Van Cleave reports.
Where Spirit bailout negotiations stand
Sources tell CBS News that Spirit Airlines only has enough cash available on hand to operate for a matter of days and if it runs out, the budget carrier would have to cease operations. For now, Spirit continues to operate normally amid discussions over a possible government bailout. Kris Van Cleave reports.
Southwest CEO on fuel costs amid Iran war
On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest's CEO about the impact of fuel costs.
Budget airlines pitch U.S. government
A group of budget airlines, including Frontier and Avelo, has asked the U.S. government for a relief package amid Spirit Airlines' negotiations for a loan, a Wall Street Journal report says. CBS News' Shanelle Kaul has more.
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."
Airlines grapple with rising jet fuel costs
It's not just Spirit Airlines struggling with rising fuel costs. All of the "big four" carriers, such as American, Delta, United and Southwest, reported a strong first quarter. But most of their gains were offset by the price of fueling their planes. Al Root, an associate editor at Barron's, joins "The Daily Report" to discuss.
Trump on potential plans for Spirit Airlines
President Trump is commenting on potential moves to bail out Spirit Airlines. CBS News' Kris Van Cleave reports.
Breaking down potential Spirit bailout
President Trump said his administration is considering a plan to buy Spirit Airlines as it faces potential liquidation and resell it in the future when fuel prices drop. Kris Van Cleave breaks down the potential bailout.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
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.
What led Spirit Airlines to seek federal bailout?
Should the federal government bail out Spirit Airlines? CBS News travel editor Peter Greenberg joins "The Takeout" to take a closer look at the debate and the other possible headaches travelers could face this summer.
Ex-Trump adviser on Spirit Airlines bailout talks
Sources tell CBS News the Trump administration is discussing a bailout for Spirit Airlines that could include a loan of up to $500 million. Former Trump economic adviser Stephen Moore joins "The Takeout" with his perspective.
Spirit in bailout discussions, sources say
Spirit Airlines is in advanced bailout discussions with the Trump administration, sources familiar with the negotiations told CBS News. Kris Van Cleave reports.
Trump administration considers Spirit bailout
The Trump administration is in advanced discussions with budget carrier Spirit Airlines over a possible bailout worth up to $500 million, sources familiar with the negotiations say. Kris Van Cleave reports.
Trump administration, Spirit Airlines in advanced bailout talks, sources say
The negotiation comes after President Trump publicly said he wanted his administration to look at a rescue package for the budget carrier.
Trump administration may bail out Spirit
The fate of Spirit Airlines could affect ticket prices across the industry, which is why the Trump administration is considering a bailout, sources confirm. Kris Van Cleave has more details.
Trump administration may bail out Spirit
The Trump administration is in advanced discussions with Spirit Airlines about a possible bailout. The budget carrier has struggled to stay afloat due to rising jet fuel prices, growing labor costs and operational issues. CBS News senior transportation correspondent Kris Van Cleave has the latest.
Leavitt: Trump wants "unified proposal" from Iran
White House press secretary Karoline Leavitt spoke to reporters on Wednesday about the Iran war, saying President Trump can be flexible while waiting for a unified proposal.
Trump in talks with Spirit about bailout
The Trump administration is having advanced discussions with Spirit Airlines about a potential bailout loan of up to $500 million in exchange for warrants that would allow the government to take an ownership stake in the company, sources tell CBS news. CBS News' Shanelle Kaul has more.
Sean Duffy makes case for AI safety tools
Transportation Secretary Sean Duffy spoke to CBS News' Kris Van Cleave about safety concerns and tools at U.S. airports. This comes as airlines grapple with higher fuel costs linked to the Iran war.
Sean Duffy on AI tools, Spirit Airlines
Transportation Secretary Sean Duffy spoke with Kris Van Cleave about artificial intelligence technology in air traffic control, and Spirit Airlines' request for a government bailout.
Sean Duffy on modernizing air traffic control
Transportation Secretary Sean Duffy is asking Congress for more funding to modernize the air traffic control system after a close call between two Southwest jets in Nashville. CBS News' Kris Van Cleave spoke with Duffy and asked about his plans.
Spirit Airlines reached out to Trump administration for emergency bailout
Spirit executives and other low-cost carriers are expected to meet with Transportation Secretary Sean Duffy next week.
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