Low-Cost Airlines Seek Tax Relief

CEOs of Spirit, Frontier, Allegiant, Sun Country, and Avelo will meet U.S. Transportation Secretary Sean Duffy to request temporary tax relief.
Airlines ask Congress to suspend the 7.5% ticket excise tax and $5.30 per‑segment tax, citing soaring jet‑fuel costs from the Iran war.
The Association of Value Airlines estimates waiving these taxes would offset one‑third of the incremental jet‑fuel expense for the low‑cost carrier segment.
Shares of Allegiant Air (-1.6%), Sun Country (-1.25%) and Frontier (+5.69%) moved on the news.