What to know as budget airlines seek $2.5 billion in relief amid rising fuel costs
Summary
A group of low-cost airlines has asked President Donald Trump's administration for $2.5 billion in financial help to deal with rising jet fuel costs. They also want a temporary suspension of certain airline taxes to keep ticket prices affordable for travelers.Key Facts
- The Association of Value Airlines (AVA) represents Allegiant, Avelo, Frontier, Spirit, and Sun Country Airlines.
- Jet fuel prices have nearly doubled recently due to the conflict in Iran.
- AVA wants the government to create a fund airlines can use to manage fuel costs.
- The group also asked Congress to temporarily suspend the 7.5% federal excise tax on airline tickets and a $5.30 domestic per passenger fee.
- The airlines say these measures are temporary and will help keep air travel affordable and competitive.
- AVA referenced past COVID-19 relief efforts as a precedent for government support.
- The White House said it is aware of the request but has made no decisions yet.
- The Department of Transportation has not publicly commented on the relief request.
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