Originally Posted by
acecrackshot
There was a significant fear of a hostile takeover in early summer of 2020, which is why there were so many dilutive stock/poison pill measures were taken to make hostile takeover prohibitively expensive.
At the time, the thinking was it was targeted at both Southwest and Delta as both would have a reason to merge Spirit into their operations.
I remember. I’m referring to the years prior when SWA was already concerned with Spirit and their growth. I’ve been at Spirit for close to a decade and seems any time would have made sense to acquire.