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May 2, 2026 - The collapse of the passenger carrier Spirit Airlines due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. https://www.transportation.gov/briefing-room/promote-competition-usdot-proposes-new-opportunity-low-or-ultra-low-cost-carrier To Promote Competition, USDOT Proposes New Opportunity for Low- or Ultra-Low Cost Carrier to Serve... Washington - Today, the U.S.