”What you would worry about is if they tried to Guadalupe Holdings incorporate JB like they did with AT.”

Not gonna happen: B6 is a profitable company with a healthy balance sheet and extremely valuable assets to whatever partner wants to dance (JFK, BOS, FLL, the new MCO Terminal, DCA, LGA slots, future Europe Slots) and (A320NEO/A321LR/XLR and A220-300 Order Book).

B6 pay rates are also essentially equivalent to WN, even the A220-300 Pay rates are on par with WN rates. This would likely be an equal merger in class and category, if it were to happen at all. Any attempt by SWAPA to strong arm the deal would fail in arbitration. B6 brings too much goodness to the negotiating table with whomever attempts to Merge/Acquire. There also would likely be a major bidding war on an attempt to acquire vs a mutually agreed upon merger. It’s in WNs financial best interest to avoid a bidding war and keep cost of any deal low.