US budget airlines seek $2.5B bailout amid fuel crisis
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A group of US-based budget airlines, including Avelo Airlines and Frontier Airlines, are seeking $2.5 billion in federal financial aid, according to The Wall Street Journal.
The move comes as a response to the economic impact of rising fuel prices, largely driven by the recent military actions taken by the US and Israel in Iran.
The ongoing fuel crisis has seen kerosene prices surge due to shortages caused by these actions.
The move comes as a response to the economic impact of rising fuel prices, largely driven by the recent military actions taken by the US and Israel in Iran.
The ongoing fuel crisis has seen kerosene prices surge due to shortages caused by these actions.
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