U.S. Transportation Secretary Sean Duffy said Saturday he does not think the government needs to bail out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices.
US does not think its aviation industry needs bailout
U.S. Transportation Secretary Sean Duffy said Saturday he does not think the government needs to bail out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices.
May 2, 2026
David Shepardson/Reuters
An empty passenger lounge displays a sign informing passengers of the shutdown of Spirit Airlines at LaGuardia Airport in Queens, in New York City, U.S., May 2, 2026.
David 'Dee' Delgado/Reuters
WASHINGTON - U.S. Transportation Secretary Sean Duffy said Saturday he does not think the government needs to bail out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices.
"I would say that at this point, I don't think it's necessary. They do have access to cash. If they want to come to the U.S. government, we would be a lender of last resort. If they can find dollars in the private markets -- I think that's better for them," Duffy said at a press conference at Newark airport.
- David Shepardson, Editing by William Maclean/Reuters
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