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US does not think airline industry needs bailout, has access to cash
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US does not think airline industry needs bailout, has access to cash
May 2, 2026 7:18 AM

WASHINGTON, May 2 (Reuters) - U.S. Transportation

Secretary Sean Duffy said Saturday he does not think the

government needs to bail out low-cost airlines that have sought

$2.5 billion in government relief because of high jet fuel

prices.

"I would say that at this point, I don't think it's

necessary. They do have access to cash. If they want to come to

the U.S. government, we would be a lender of last resort. If

they can find dollars in the private markets -- I think that's

better for them," Duffy said at a press conference at Newark

airport.

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