Spirit Airlines could soon be flying into the sunset for good. According to a new report from the Wall Street Journal, the budget airline is preparing to cease all operations after failing to secure the funds necessary to keep it running.

President Donald Trump on Friday said an announcement regarding beleaguered carrier Spirit Airlines was imminent after the administration, which wants a stake in the company, gave the company “a final proposal.

President Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit Airlines “but only if it’s a good deal” for the government

President Donald Trump said on Friday the White House had given Spirit Airlines and its creditors a final proposal to try to rescue the bankrupt airline, even as the budget carrier makes preparations to shut down if no deal is reached.

President Donald Trump on Friday said he’s still weighing a taxpayer-funded takeover of Spirit Airlines. The president didn’t offer details about the proposal but told reporters as he prepared to leave the White House for a trip to Florida that he would have an announcement on the matter Friday or Saturday.

President Donald Trump said he delivered a final proposal to rescue Spirit Aviation Holdings Inc. but would only proceed if it’s a good deal for the US government — comments that cloud the fate of any bailout as the low-budget carrier lays the groundwork to end operations.

Spirit Airlines is preparing to shutter operations after a $500 million lifeline from the federal government fell through, sources familiar with the plans told The Wall Street Journal and The New York Times.

Spirit Airlines received a final bailout proposal from the U.S. as President Donald Trump says the administration is "driving a tough deal" to aid the beleaguered carrier.