Hassett discusses Spirit bailout talks and airline profit hit from Iran war energy shocks
White House National Economic Council Director Kevin Hassett said he was "very involved" in early discussions about a possible bailout of Spirit Airlines, but legal counsel ultimately ruled out any lifeline. He later added that broader energy price shocks stemming from the Iran war will depress airline profits for at least a quarter, a factor that compounds Spirit's financial troubles. Both statements came in the same interview series, providing context on the airline's challenges.