WSJ Calls Spirit Airlines Bailout a Moral Hazard, Echoing the Trump Shuttle Era

The Wall Street Journal’s conservative editorial board opposes a Spirit Airlines bailout, arguing there is no economic justification for a potential $500 million rescue that could let the government own up to 90% of Spirit and would fuel moral hazard; the piece notes up to 14,000 workers could be laid off if Spirit’s merger with JetBlue is blocked, and it raises the question of whether this would resemble a revival of the Trump Shuttle era.