Spirit Airlines seeks government funding amid rising oil prices, Air Current reports
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generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil
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Spirit Airlines seeks government funding amid rising oil prices, Air Current reports
reuters.com/legal/litigation/spirit-airlines-seeks-government-funding-amid-rising-oil-prices-air-current-2026-04-17/
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Key FactsDiscount Airlines Seek Federal Aid as Fuel Costs Rise
Apr 28, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- The Association of Value Airlines is discussing $2.5 billion with lawmakers, and Congress must approve the request.
- A source familiar with negotiations says two of Spirit’s three creditor groups have approved the package.
- Spirit has struggled to make money since the Covid pandemic and is undergoing its second bankruptcy proceeding.
- United says passengers now pay 20% more for each mile flown than last year.
"Well-run airlines are still solidly profitable even in this environment, as you can see from United," Kirby said. "I don’t think this crisis anywhere near big enough to cause the need for (an) airline bailout."— Scott Kirby, United Airlines CEO
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