Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy

As the war with Iran sends jet fuel prices soaring, several U.S. budget airlines are asking the federal government for a $2.5 billion lifeline. The appeal comes as Spirit Airlines faces potential bankruptcy and is negotiating separately for a $500 million government bailout. Reuters aviation, transportation and technology correspondent David Shepardson joins Geoff Bennet to discuss. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy