PBS NewsHour - The Latest | Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy by Geoff Bennett, Karina Cuevas, Bridget Craig
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As jet fuel prices soar amid the war with Iran, U.S. budget airlines are pressing the federal government for a $2.5 billion emergency aid package, while Spirit Airlines confronts possible bankruptcy and is separately negotiating a $500 million bailout; the segment features PBS NewsHour’s Geoff Bennett and Reuters aviation correspondent David Shepardson discussing the financial strain on the industry.
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Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy
As the war with Iran sends jet fuel prices soaring, several U.S. budget airlines are asking the federal government for a $2.5 billion lifeline. The appeal comes as Spirit Airlines faces potential bankruptcy and is negotiating separately for a $500 million government bailout. Reuters aviation, transportation and technology correspondent David Shepardson joins Geoff Bennet to discuss.