ST Alpha - "JD, Jetblue's plan was to buy Spirits planes and people and then stop operating them as an ultra low cost carrier, turning them in Jetblue style planes. -- (edited)" (Reading a Post)

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JD, Jetblue's plan was to buy Spirits planes and people and then stop operating them as an ultra low cost carrier, turning them in Jetblue style planes. -- (edited)

Posted by ty97 Jan 16 '24, 11:39

Internal Jetblue documents brought up at the trial apparently showed that Jetblue believed they could raise Spirit fares by 40%.

On the flip side, Spirit is losing money and could go bankrupt. Not necessarily a reason to allow a merger, but it's not an impossibility that Spirit could go under.

I don't see really anything in the Alaska-Hawaiian merger for DOJ to try and block but what do I kow.

Responses:

What's the logic here. Help me workshop it... - Mop🧹 Jan 16, 11:59
apparently coming as some surprise to the traders -- (link) - hollywood big shot Jan 16, 11:44 1
- Not particularly. The Jetblue per share purchase price was $33.50 a share. The fact the stock was sitting around $15...... -- nm - ty97 Jan 16, 11:49

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JD, Jetblue's plan was to buy Spirits planes and people and then stop operating them as an ultra low cost carrier, turning them in Jetblue style planes. -- (edited)

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