US does not think airline industry needs bailout, has access to cash


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.

(Reporting by ​David Shepardson, Editing by ​William Maclean)



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