Spirit Airlines was destroyed by Elizabeth Warren and Biden

[Moonglow]

I know you hate free markets, commie.

There are no free markets in the modern era.
The idea that truly free markets exist in the modern era is widely regarded as a myth or a theoretical construct rather than a functional reality. Modern economies are constructed, maintained, and heavily regulated by governments through laws, property rights, and contract enforcement, meaning all markets are regulated in different ways. [1, 2, 3]

 

[sparky]

There are no free markets in the modern era.
The idea that truly free markets exist in the modern era is widely regarded as a myth or a theoretical construct rather than a functional reality. Modern economies are constructed, maintained, and heavily regulated by governments through laws, property rights, and contract enforcement, meaning all markets are regulated in different ways. [1, 2, 3]

regulated markets would be a better term moon dude...... the balance betwixt the bourgeois and the proletariat.....

~S~

 

[Moonglow]

regulated markets would be a better term moon dude...... the balance betwixt the bourgeois and the proletariat.....

View attachment 1251764

~S~

I guess, if we were French.

 

[Superbadbrutha]

Spirit had been in talks with the Trump administration about a deal that would have provided a cash infusion in exchange for warrants that could convert into a stake of up to 90% of the company.But there had been disagreements inside the Trump administration over whether and how to fund the bailout. And some Spirit bondholders dug in their heels against the deal, convinced it would have hurt them economically, the people said. Meanwhile, the airline is facing relentless cost pressure from higher fuel prices.

MSN

 

[Rawley]

A judge blocked it because the merger was in violation of antitrust laws.

LOL Because Biden brought a lawsuit to block the merger.

 

[Superbadbrutha]

Why did Spirit Airlines go under? It came down to one thing​

Money.

Spirit Airlines simply didn’t have enough of it to keep flying.

The Broward-based airline tried to find its way the past few years. But two possible mergers never happened. Fleet and crew cutbacks apparently weren’t enough.

And finally, with the airline burning through dollars - a situation not helped by the increasing costs of fuel from the U.S.-Iran conflict - a last-gasp federal bailout deal fell short.

MSN

 

[Rawley]

Maybe we can use this as a teaching lesson. JetBlue and Spirit merge. Does that make the market more free?

Yup

Second, so the merger was blocked by the Biden Justice Department. Did that action make the market more, or less, "free".

Less. We have fewer choices now.

But you ignore the hypocrisy of current Republicans. Tariffs themselves, but government bailouts, it is the same as Solyndra, the government, picking winners and losers.

What "hypocrisy" are talking about? There was no bailout.

Don't get me wrong, sometimes the government needs to get involved, when it is a matter of public health or national security. Otherwise, it inevitably results in a mis-allocation of resources. Like driving a car with a bad fuel filter, low tire pressure, and too many miles since the last oil change.

So how is Spirit going under better for "public health or national security?"

 

[Dont Taz Me Bro]

They couldn’t afford TRUMPgas

That hastened their demise for sure, but it was likely coming regardless.

 

[Marener]

LOL Because Biden brought a lawsuit to block the merger.

The government is supposed to enforce the law.

 

[Lockback]

There are no free markets in the modern era.
The idea that truly free markets exist in the modern era is widely regarded as a myth or a theoretical construct rather than a functional reality. Modern economies are constructed, maintained, and heavily regulated by governments through laws, property rights, and contract enforcement, meaning all markets are regulated in different ways. [1, 2, 3]

Well, essentially free markets are sadly a thing of the past, if they ever were.
But we can always count on the Massachusetts Screech Monster to be outraged about something, can't we???!!!

"I want to control what you eat, when you sleep, where you shit, who you vote for, what you hear and what you read. I'm a Far Left Democrat and, dammit, that's what we do and who we are!"

 

[Doc7505]

They couldn’t afford TRUMPgas

<~~~~~~~~~~>
Spirit Airlines first filed for bankruptcy in 2024. They filed for Chapter 11 bankruptcy protection on November 18, 2024, due to mounting losses and financial struggles.
Factors Leading to Bankruptcy:

• Failed Acquisition: Spirit Airlines faced challenges after a failed merger attempt with JetBlue Airways.
• Operational Issues: The airline dealt with an engine recall that grounded many jets.
• Financial Performance: Spirit reported significant losses, including over $335 million in the first half of 2024.

 

[IM2]

The airline was destroyed by Trumps war.

 

[Lockback]

<~~~~~~~~~~>
Spirit Airlines first filed for bankruptcy in 2024. They filed for Chapter 11 bankruptcy protection on November 18, 2024, due to mounting losses and financial struggles.
Factors Leading to Bankruptcy:

• Failed Acquisition: Spirit Airlines faced challenges after a failed merger attempt with JetBlue Airways.
• Operational Issues: The airline dealt with an engine recall that grounded many jets.
• Financial Performance: Spirit reported significant losses, including over $335 million in the first half of 2024.

Oh.
You mean it's not TRUMPgas?
What idiots we have here.

 

[Lockback]

Too big to fail?

No.
Do you not understand even the simplest of terms?

 

[OhPleaseJustQuit]

You are crazy.

.

Trolling, inflammatory, off topic.







.

 

[IM2]

The free market as the right sees it, has never existed.

 

[Mashmont]

Elizabeth Warren hailed blocking the $3.8B Spirit-JetBlue merger as a 'Biden win for flyers.' Now Spirit is gone

With Spirit Airlines shuttered after more than three decades in operation, was the decision to block the JetBlue-Spirit merger in 2024 really the right one?

finance.yahoo.com

When Elizabeth Warren took to X in early 2024 to acknowledge the blocked merger between JetBlue Airways and Spirit Airlines, she framed it as a clear consumer victory. She called the decision, which she argued would prevent fares from competition-induced creeping, a "Biden win for flyers." (1)
Those in favor of the merger, however, argued that it would have aided both airlines in their increasingly tenuous efforts to keep costs down. And, as it turns out, Spirit couldn't afford to keep those efforts up.

"Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure," Dave Davis, Spirit's President and Chief Executive Officer, said in a press release. (2) "This is tremendously disappointing and not the outcome any of us wanted."

Warren and impaired Biden in another act of fiscal stupidity blocked the merger of Jet Blue and Spirit Airways. More proof democrats cant manage an economy and create chaos when they are in control

Democrats have zero business skills. Or any kind of leadership skills. They’re worthless. All Pocahontas ever does is bitc* about stuff.

 

[Lockback]

Democrats have zero business skills. Or any kind of leadership skills. They’re worthless. All Pocahontas ever does is bitc* about stuff.

The only thing they're good at is being demagogues.

 

[IM2]

The only thing they're good at is being demagogues.

Tump is the demagogue.

 

[Marener]

Jet fuel prices are up 80% because of Trump’s war.

What the hell did you think would happen?