DOT: No near-term bailout for U.S. budget carriers after Spirit shutdown; Iran-war fuel pressure cited, fare caps and rebooking
Transportation Secretary Sean Duffy said the Trump administration does not believe a $2.5 billion bailout for budget airlines is necessary. He argued Spirit’s collapse was years in the making and that the Iran-war-linked jet-fuel spike is not the cause cited by critics. DOT also said major airlines will cap fares for Spirit customers rebooking canceled flights.