An ultra-low-cost airline has approached the Trump administration for a pricey emergency bailout as it teeters on the edge of liquidation amid soaring fuel costs triggered by the president's war in Iran. Spirit Airlines is reportedly seeking hundreds of millions of dollars from the government. The airline is "looking for a lifeline" a source told CBS News. Spirit is one of several lower-cost U.S. airlines whose executives are meeting next week with Transportation Secretary Sean Duffy to assess the strength of the nation's smaller carriers, The Air Current reported. Some Spirit customers are already scrambling to make alternative flight arrangements, as they fear the airline could shut its doors within days, noted CNBC. "Spirit is flying on financial fumes," airline industry analyst Henry Harteveldt told CBS.