Budget Airlines Are in Talks With Trump Administration Over $2.5 Billion Bailout
Budget airlines, including Frontier Airlines and Avelo Airlines, are in talks with the Trump administration for a $2.5 billion bailout due to high fuel costs. The average price of jet fuel is at $4.19 a gallon, with ultra-low-cost carriers expecting it to remain above $4 a gallon.
Budget airlines are seeking a $2.5 billion government bailout due to surging fuel costs. A group of ultra-low-cost carriers, including Frontier Airlines and Avelo Airlines, met with Transportation Secretary Sean Duffy and Federal Aviation Administration chief Bryan Bedford on April 14. The average price of jet fuel is $4.19 a gallon, according to Argus Media data. Ultra-low-cost carriers expect fuel prices to remain above $4 a gallon. The carriers are in discussions with the Trump administration for aid to stay in business.
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