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Story summary
- Frontier and Avelo have asked for $2.5 billion in federal aid via warrants that could become equity.
- Jet-fuel costs have doubled after the Iran-Israel conflict lifted Brent crude to $105 a barrel, pushing fuel above $4 a gallon.
- The Treasury gave $54 billion pandemic airline aid, later sold the warrants for over $550 million, and is weighing a $500 million Spirit Airlines rescue.
