"The market dominance of the country's biggest airlines has never been greater, and smaller value airlines are disproportionately impacted by higher fuel prices. Budget carriers play a critical role in making air travel affordable."
"They have some good aircraft and good assets, and when the price of oil goes down, we'll sell it for a profit. I'd love to be able to save those jobs. I'd love to be able to save an airline."
The Association of Value Airlines has requested a $2.5 billion fund from the federal government to help offset high fuel prices due to the war in Iran. This coalition, which includes Frontier, Spirit, and Avelo, argues that the fund would stabilize operations and maintain affordable airfares. The Trump administration is reportedly moving towards a $500 million bailout for Spirit Airlines, which has faced bankruptcy twice in two years, aiming to preserve jobs and competition in the airline industry.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]