Dragon Claws/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Budget airlines look for $2.5B in return for warrants . (0:15) Tillis hints at Powell stay as Fed governor . (1:05) DeepSeek cuts V4-Pro pricing as AI cost competition intensifies. (2:10) The following is an abridged transcript: A group of U.S. budget airlines, including Frontier Group ( ULCC ) and Avelo Airlines, is seeking about $2.5B in federal aid in exchange for warrants that could convert into equity stakes , the Wall Street Journal reports. The carriers based that figure on projected incremental jet fuel costs this year, assuming prices stay above $4 per gallon. Low-cost operators have been squeezed by higher fuel and labor costs amid weaker pricing power in a competitive domestic market. Airline executives met last week in Washington with Transportation Secretary Sean Duffy and FAA Administrator Bryan Bedford. Talks on a potential aid package are ongoing.…