Budget Airlines Pitch Us Government Aid Under $2.5 Billion Relief Plan

Spirit isn’t the only small airline seeking a bailout. Would that help passengers?

Spirit Airlines isn’t the only discount carrier seeking federal help to endure the current spike in jet fuel prices. An association of discount carriers is also seeking $2.5 billion in assistance.

Spiking fuel costs may sound death knell for budget airlines. Would a federal bailout help?

Travelers flying to or from Arnold Palmer Regional Airport in Latrobe, Pennsylvania, have just one option: Spirit Airlines. But the budget carrier, operating in bankruptcy, is likely to shut down unless it receives a government bailout — leaving places like Latrobe with no commercial air service. “Losing them would be devastating,” Gabe Monzo, who runs Arnold Palmer Regional, told Straight Arrow. Nevertheless, Monzo said, “if a federal subsidy j…

Low-cost carriers ask for help with rising jet fuel bills

Even if you seldom (or never) fly with budget airlines like Spirit Airlines or Frontier Airlines, they're important to you.For years, ultra-low-cost carriers have been key players in keeping airfare lower across the industry. Without the competition they provide, it's likely the big network airlines would charge more for tickets.But does that make them worthy of billions of dollars in taxpayer-funded support?That's the question now facing Washin…

Value Airlines Seek $2.5B in Fuel Aid From Trump White House

Budget airlines are seeking $2.5 billion from the Trump administration to offset rising fuel prices, offering warrants allowing the U.S. to buy equity stakes.

Other Airlines Want Help From Administration With Fuel Costs

Low-cost carriers are pressing the Trump administration for direct financial help as jet fuel prices spike during the war with Iran. The Association of Value Airlines, which represents Spirit, Allegiant, Avelo, Frontier, and Sun Country, has asked for a $2.5 billion federal "liquidity pool" to cover higher fuel expenses....

Budget airlines ask White House for $2.5 billion relief plan, report says - The Boston Globe

(Bloomberg) -- Budget airlines are banding together to ask President Donald Trump’s administration for $2.5 billion to help combat increasing jet fuel prices in exchange for warrants that would give the US government the right to purchase equity stakes in the carriers, people familiar with the discussions said.