Budget airlines reportedly ask federal government for $2.5B in aid tied to rising jet fuel costs [FOX Business Network]
Allegiant Travel Company (ALGT)
Last allegiant travel company earnings: 1/29 04:01 pm
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Source: FOX Business Network
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 compared with earlier forecasts, with the estimate assuming jet fuel prices will remain above an average of $4 a gallon for the rest of the year. Conversations about a possible relief package for budget airlines are reportedly expected to continue in the coming days, according to the Journal's report. The news follows a reported meeting between the leaders of several budget carriers with
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ALGT
News
- These airlines are asking Trump for billions [Yahoo! Finance]Yahoo! Finance
- Group of budget airlines seeks relief fund from Trump administration [Yahoo! Finance]Yahoo! Finance
- Budget airlines reportedly ask federal government for $2.5B in aid tied to rising jet fuel costs [Yahoo! Finance]Yahoo! Finance
- Allegiant Travel Nears Sun Country Deal As Valuation Gap Draws Attention [Yahoo! Finance]Yahoo! Finance
- Allegiant Announces Future Board Composition Following Sun Country Acquisition [TheStreet.com]TheStreet.com
ALGT
Earnings
- 2/4/26 - Miss
ALGT
Sec Filings
- 4/28/26 - Form 8-K
- 4/28/26 - Form SCHEDULE
- 4/20/26 - Form 8-K
- ALGT's page on the SEC website