James48843
TSP Talk Royalty
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- 1,181
The craziness continues on AVIS Rentacar- (Symbol CAR) as the shorts squeeze continues. It hit 847 today, then dropped to 696 , and now is back in the 730’s.
Crazy.
Crazy.
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Interesting individual stocks
- Thread starter James48843
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James48843
TSP Talk Royalty
- Reaction score
- 1,181
After hours- rumor that Spirit Airlines will get a $500 million bailout from the Trump administration in exchange for part ownership. Stock gains 150% after hours.
From CNN:
Spirit Airlines is close to getting a $500 million bailout from the federal government, according to a source familiar with the negotiations.
The deal is expected to include the federal government taking a stake in the troubled airline, which had struggled to make money ever since the Covid pandemic.
It also means Spirit would avoid becoming the first significant US airline in 25 years forced to completely halt operations because of financial problems. Jet fuel costs have roughly doubled since the start of the war in Iran, derailing its plans to emerge from its second bankruptcy reorganization since 2024.
The source told CNN a deal could be announced as soon as late Wednesday night or Thursday. It is designed to give the airline a chance to complete its reorganization.
Read more: https://www.cnn.com/2026/04/22/business/spirit-airlines-federal-bailout
From CNN:
Spirit Airlines close to a $500 million bailout from Trump administration
Source: CNNSpirit Airlines is close to getting a $500 million bailout from the federal government, according to a source familiar with the negotiations.
The deal is expected to include the federal government taking a stake in the troubled airline, which had struggled to make money ever since the Covid pandemic.
It also means Spirit would avoid becoming the first significant US airline in 25 years forced to completely halt operations because of financial problems. Jet fuel costs have roughly doubled since the start of the war in Iran, derailing its plans to emerge from its second bankruptcy reorganization since 2024.
The source told CNN a deal could be announced as soon as late Wednesday night or Thursday. It is designed to give the airline a chance to complete its reorganization.
Read more: https://www.cnn.com/2026/04/22/business/spirit-airlines-federal-bailout
- Reaction score
- 2,957
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