Originally Posted by
Cyio
I wouldn’t be surprised if the CEO JB made a call to Schumer to kill this deal. It’s simply not worth the value it once was.
Honestly very little has changed other than the scope of the engine issues since the merger was announced. Spirit wasn’t viable back then as a stand alone but had a longer runway for borrowing. The engine issues and debt are squeezing spirit from both ends. Can’t make money and can’t get money. Everything JetBlue wanted with spirit hasn’t changed much