I never said fuel prices didnāt have āanythingā to do with it, did I? What I did say and I will repeat is that Spirit Airlines was financially insolvent. They had filed two bankruptcyās and failed to gain a bail out. It is my opinion they would not have been able to all of the sudden after seven years start showing a profit. They were given plenty of chances and failed. That is on them.
Good to knowWhen 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)
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
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
Spirit thought they could return to profitability by shrinking operations.
MAGA lies.
Not exactly.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)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?
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
Thought so. No, a merger between JetBlue and Spirit Airlines would make the market less free. It would have resulted in Monopoly power, fewer choices for consumers and higher prices. Those higher prices not being the result of increased efficiencies better technologies. No, the merger would have built nothing and additional profits would come from "rents". That is what a free market is supposed to be free from, "rents".
Nice socialist mental gymnastics there.
That is classic Adam Smith hoss. Old School.Nice socialist mental gymnastics there.
I generally oppose mergers. Less competition.
Those customers will now be paying the higher fares of other airlines and all of those employees are no longer employed. What did anyone gain by not allowing the merger?
They tried to pull that off since 2019. They made no actual profit. They were doomed. Two bankruptcies in as many years. They failedā¦
Of course. They were destroyed beyond repair after four years of xidenās economy which forced them in to bankruptcy
There's this thing called COVID that was rather disruptive.
I voted for this.
Your TDS is out of control. Should I call 911, asswipe?
Due to politics and the failure of this airline it has not been a great year to go to the airports. At this point it is a little painful to go to the airport, give your luggage to the agents, file through the TSA, get on a plane, fly on a plane, get off the plane, get your luggage, and leave the airport you arrived in.
Odd that you appear to want to transition to your apparent TDS. Nothing I have stated on the actual subject of this thread is inaccurate.
Your belief that they could have never achieved profitability is just speculation. Not that thereās anything wrong with that, itās just what it is.
