Budget airlines reportedly ask federal government for $2.5B in aid tied to rising jet fuel costs

A group of budget airlines is reportedly seeking financial assistance from the federal government that could convert to an equity stake in the air carriers.The Wall Street Journal reported on Sunday that the group of budget airlines, including Frontier and Avelo, is seeking $2.5 billion in federal assistance through stock warrants that could convert into equity stakes in the airlines, according to people familiar with the matter.Some of the Journal's sources told the outlet that the group's $2.5 billion figure was derived from an estimate of how much they expect to spend on jet fuel this year...

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