Originally Posted by
CincoDeMayo
And Frontier and Avelo are asking for a similar deal worth $2.5B in exchange of ownership warrants. Pandoras box. In the end I dont think any of this happens because with more airlines asking, it becomes even murkier.
On top of that, Reuters had an article today that propping up Spirit will in turn hurt JetBlue's return to profitability....so I guess another bailout for JetBlue to make up for that.
https://www.reuters.com/business/big...ource=facebook
This is what triggered the Reuters interview with Duffy. The Admin decided that they aren't going to pick winners and its going to take Congress to do a bailout of failing carriers. Hopefully something gets done before Spirit runs out of cash.