Spirit Furloughing
- Thread starter ASpilot2be
- Start date
Cherokee_Cruiser
Bronteroc
The judge only oversees the trial and makes the ruling he thinks is best. It takes the DOJ to bring the suit in the first place. Biden’s mantra was anti-merger, “pro” consumer. Don’t deny that.
This should never have been sued to stop.
bimmerphile
MCAS Meat Inhibition Logic
actually it's jetblue's fault for wanting to merge in the first place
how far you wanna kick this can?
Cherokee_Cruiser
Bronteroc
JetBlue has wanted to merge for years. They tried VX and were outbid. They didn’t want the same next time.
The GOVERNMENT allowed the big 4 to happen. AA/TWA/AWA/US, CO/UA, NW/DL, and SW/AII.
Those 4 now control 85% of the country’s market. The remaining carriers do not have the economy of scale to compete long term with the big 4. They will sort her be forever to merge or die off. There is no future with a standalone Spirit, JetBlue, Frontier, and Allegiant.
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
I did lament losing the merger opportunity - like many of my Cow Orkers - however, the clear-eyed light of day that hindsight brings has also made me think that we might've dodged a bullet. The price for NK was way too high with the debt obligations, and that might have sunk us both.
I keep hearing noises about hiring in '25, so I do hope we give the furloughed NK guys a shot.
Autothrust Blue
Welcome aboard the Washington State Ferries
I remember thinking there was no way I’d pay $4ish billion for the place.
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Yeah, the breakup fee seems like a good deal at this point.
HJB
Well-Known Member
How are you so clueless about the industry you work in? Spirits own CEO said the merger would be struck down, yet the board went ahead anyways. Also what does Biden have to do about PW engines? You do realize JB would be declining bankruptcy if this merger went through…
Cherokee_Cruiser
Bronteroc
Yes, the board went ahead. Got a link/article for the CEO comments, dated at the time Frontier and jetBlue were bidding?
That's one issue that's plagued all airlines with PW engines on the 320 family. Not the final nail in the coffin.
Maybe. You can't predict that now since it never happened.
Constellation
Well-Known Member
View: https://www.youtube.com/watch?v=wKWJ4TIzE1o
Spirit CEO says JetBlue wants to stop Spirit-Frontier merger
The CEO of Spirit Airlines suggested Thursday that JetBlue Airways is more interested in blocking a merger of Spirit and Frontier Airlines than it is in buying Spirit.
apnews.com
"Ted Christie provided more details on why Spirit’s board rebuffed a $3.6 billion buyout offer from JetBlue in favor of a lower bid from Frontier.
Christie said “you don’t need to be an antitrust attorney” to see that federal regulators are unlikely to let JetBlue buy his airline while they are suing to break up JetBlue’s Northeast partnership with American Airlines on anti-competitiveness grounds."
Cherokee_Cruiser
Bronteroc
Oh damn. And he turned out to be right 
Well I guess at least some people saw it coming.
Well I guess at least some people saw it coming.
HJB
Well-Known Member
Yeah, everyone that works in the industry, but let’s blame Biden.Oh damn. And he turned out to be right
Well I guess at least some people saw it coming.
Cherokee_Cruiser
Bronteroc
Absolutely worth blaming. His admin ran on being tough on corporations, which included an anti-merger mindset.
Biden Antitrust Enforcers Set New Record for Merger Challenges
The Biden administration set a new record for merger enforcement activity, according to newly released data obtained by Bloomberg.
United States: Biden administration doubles down on aggressive antitrust enforcement
Global Competition Review (GCR) is the complete source of news and analysis for competition practitioners. It keeps you up to speed with the issues and trends that matter, giving you the detail, and depth, you need to operate successfully.
globalcompetitionreview.com
Mergers lose their shine as Biden racks up antitrust wins
A judge's decision to block a JetBlue- Spirit union offered new momentum to an antitrust crackdown in Washington. It could force executives to think twice about new deals in 2024.
Autothrust Blue
Welcome aboard the Washington State Ferries
I did.
It was probably a bad day when I was in agreement with the C-suite, but here we are.
Cherokee_Cruiser
Bronteroc
I didn’t. I don’t see how JetBlue and Spirit merging is any worse than the outcome of a stand-alone carrier. Anyone with any shred of common sense could see the ULCC model is broke.
skypilot6
Well-Known Member
Chapter 11 Monday!
Company email sent at 5am this morning. It's about time to get this going.
www.nytimes.com
Company email sent at 5am this morning. It's about time to get this going.
Spirit Airlines Files for Bankruptcy
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
Maurus
The Great Gazoo
I have yet to see why this is a bad thing? If the mergers don't make sense or are an attempt to monopolize a market then they should be fought.Absolutely worth blaming. His admin ran on being tough on corporations, which included an anti-merger mindset.
Biden Antitrust Enforcers Set New Record for Merger Challenges
The Biden administration set a new record for merger enforcement activity, according to newly released data obtained by Bloomberg.news.bloomberglaw.com
United States: Biden administration doubles down on aggressive antitrust enforcement
Global Competition Review (GCR) is the complete source of news and analysis for competition practitioners. It keeps you up to speed with the issues and trends that matter, giving you the detail, and depth, you need to operate successfully.
Mergers lose their shine as Biden racks up antitrust wins
A judge's decision to block a JetBlue- Spirit union offered new momentum to an antitrust crackdown in Washington. It could force executives to think twice about new deals in 2024.finance.yahoo.com
I do find it funny how pissed you are about this considering they haven't lifted a finger toward blocking your airline's merger. Almost like you wish they would block your merger.
Autothrust Blue
Welcome aboard the Washington State Ferries
MAGA - Make Alaska (Airlines) Great Again