Originally Posted by
svergin
These are the same guys that got bid up and paid $4.5B in cash and debt for VX. I don’t know if “the best” is the term I’d use.
They didn't have a choice. If they didn't spend 57/share on VX, jetBlue was going to get it at 55/share. Had jetBlue bought VX, Alaska would have been screwed. AS did what it had to do.