Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says

U.S. Transportation Secretary Sean Duffy on Tuesday raised concerns about using government funds to rescue low-cost bankrupt airline Spirit Airlines. 

"What we don't want to do is put good money after bad, and there's been a lot of money thrown at Spirit, and they haven't found their way into profitability. And so would we just forestall the inevitable and then own that?" Duffy said in a Reuters interview. "Or does Spirit have some pathway to make it and I don't know the answer to that."

President Donald Trump said Tuesday he would like someone to acquire bankrupt low-cost carrier Spirit and said it was possible the federal government could get involved.

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