Originally Posted by
svergin
JetBlue's market cap is $7.5B plus they have $5B in debt. So buying them at market value would cost about $12.5B. It would be even stupider than Alaska spending effectively $4B for Virgin America. Given how management is throwing cash at stock repurchases, there is no way they would dilute the stock with an all stock merger and there isn't enough cash on hand to do it.
I predict a big order in the fall for jets and United will grow organically.
This would make Spirit a deal (plus wishful thinking on my part). Market share is only 3.5 billion, almost no debt, and 900 million in free cash in the bank. Merger would only cost a little over 2.5 billion, plus we can send our "hard working" management off into the golden parachute land...