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Old Yesterday | 06:52 PM
  #117  
GPullR
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Joined: Apr 2013
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Originally Posted by Hedley
I honestly question if the merger would have made a survivable entity or just a bigger mess, but I definitely think that they should have been given the chance to find out. That was just one of many things that put Spirit where it, the biggest being poor management. No one thing got us here, it was a combination of factors that the politicians are going to ignore. The R’s are going to say that Biden killed it while the D’s blame the Iran war. They’ll all conveniently forget that Spirit testified that they’d be fine without the merger, that they didn’t adapt after the pandemic, the engine issues, that they had one of the worst product reputations in the industry, and that they couldn’t even make money before gas got expensive while everyone else was.
It would of made a much bigger mess. Both companies were financially weak and not able to make a profit. The costs associated with a merger are staggering. One of the 2 needs solid financial ground to make it work.
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