Spirit Airlines was destroyed by Elizabeth Warren and Biden

[Jaxsie]

You know, you’re right. They hadn’t emerged from the August bankruptcy.

But it’s dumb to say that the high fuel prices didn’t have anything to do with it.

I never said fuel prices didn’t have “anything” 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 bankruptcy’s 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.

 

[Pastelli]

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

Good to know

 

[Marener]

I never said fuel prices didn’t have “anything” 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 bankruptcy’s 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.

Spirit thought they could return to profitability by shrinking operations.

https://www.reuters.com/business/spirit-airlines-aims-220-million-net-income-2027-turnaround-2025-10-14/

Could have they pulled it off? Maybe. But not in these conditions.

 

[konradv]

That is inaccurate.

MAGA lies.

 

[Nobody911]

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

Not exactly.
Short summary - main causes

1. Acute liquidity insolvency: Spirit ran out of cash and could not meet obligations, forcing an immediate wind‑down.
2. Failed rescue/merger path: The blocked JetBlue acquisition removed a likely buyer/infusion of capital.
3. Inability to secure new financing or a federal bailout: talks and requests for emergency funding did not produce the needed capital.
4. High fuel prices and operating cost pressure: a sharp rise in jet fuel amplified losses for a thin‑margin low‑cost carrier.
5. Business model and competitive pressures: low fares, heavy debt/lease obligations, and intense competition limited flexibility to absorb shocks.

Net: a mix of immediate financial collapse plus longer‑running structural weaknesses, exacerbated by political/regulatory outcomes (merger block and no bailout) and macro factors (fuel prices).

Minimal macroeconomic impact — mostly localized disruption. Immediate effects: travel chaos for passengers, lost wages for laid‑off workers, refunds/claims in bankruptcy, higher fares and capacity gaps on routes Spirit served. Broader U.S. GDP/financial‑market effects are likely small and short‑lived.

sources:

• Travel plans upended as Spirit Airlines shuts down, leaving passengers scrambling for other options
• Spirit Airlines begins orderly wind-down, cancels all flights effective immediately

 

[Winston]

Yup

Less. We have fewer choices now.

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

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

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".

As to Spirit going under, doubt it has an impact on how "free" the market is one way or another. The reality is their business model failed and there is no reason whatsoever to prop up a failed business UNLESS it has to do with national security or public health. I doubt an second rate airline contributes to either.

 

[Lockback]

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".

As to Spirit going under, doubt it has an impact on how "free" the market is one way or another. The reality is their business model failed and there is no reason whatsoever to prop up a failed business UNLESS it has to do with national security or public health. I doubt an second rate airline contributes to either.

Nice socialist mental gymnastics there.

 

[Winston]

Nice socialist mental gymnastics there.

That is classic Adam Smith hoss. Old School.

 

[Lockback]

That is classic Adam Smith hoss. Old School.

I generally oppose mergers. Less competition.
We've had WAY too many of them in the entertainment industry, for one thing.
But two relatively small airlines that could find the relationship mutually beneficial?
Please.
Spare me the sanctimony.