FILE - A Spirit Airlines 319 Airbus approaches Manchester Boston Regional Airport for a landing. (AP Photo/Charles Krupa)
Spirit Airlines is reportedly preparing to shut down as early as 3 a.m. EST on Saturday.
According to multiple reports, the low-fare airline is planning to stop flying after failing to strike a deal for a financial lifeline from the Trump administration
Spirit has been dealing with reported financial struggles for years, including filing for bankruptcy just last year, and trying to secure $500 million to keep operations going.
Earlier on Friday, President Donald Trump said he was still weighing a taxpayer-funded takeover of the airline.
Trump said he would like to save jobs at the airline as his administration gave Spirit “a final proposal.”
The president added, “We’re looking at Spirit. If we can help them, we will. But we have to come first ... and it has to be a good deal.”
Officials did not immediately comment further on the situation or what a Spirit shutdown would mean for customers.