Airline Trade Group Asks for $2.5 Billion ‘Liquidity Pool’
The money would be used exclusively to offset rising fuel costs, representatives said.
The money would be used exclusively to offset rising fuel costs, representatives said.
A deal could open the door to unprecedented federal investments in low-cost carriers.
The ultra-low-cost carriers are again at the negotiating table after failed talks in 2022, 2024, and earlier this year.
Spirit plans to slash capacity by about 25% this fall as part of its bankruptcy restructuring, a move that will likely trigger more layoffs at the struggling ultra-low-cost carrier.
Unionized pilots with ultra-low-cost carrier Sun Country are looking to open contract negotiations, citing a change in the airline’s focus and operations.