Budget airlines seek federal bailouts

Low-cost airlines in the United States have appealed to the Trump administration for a $2.5 billion rescue package to offset surging operational costs.

Spirit Airlines, currently in bankruptcy court, warned that the spike in jet fuel prices has made its business model unsustainable.

Industry experts suggest that without intervention, several mid-sized carriers could exhaust their cash reserves by winter.

The White House is reportedly weighing the request as it considers the broader economic impact of the aviation crisis.