Originally Posted by
DrJekyll MrHyde
Not only did he leave JetBlue in a far worse position, he managed to engineer the failure of Spirit as well. He may be responsible for taking down two airlines.
When every arm of the government that has influence over mergers is telling you “NO”, you listen. This is especially true when you’re already being sued by the DOJ for the last dumb idea you tried to pull off (NE alliance) under the wrong administration.
Instead Hayes torpedos a merger agreement with Frontier that was widely believed to have promise. He only needs to appeal to the greedy Spirit shareholders and start a proxy war.
The results are half in. Spirit is gone and JetBlue is considered next-up for chapter 11 as they burn through $3.5M daily.
Let Airbus know they’re North American CEO is a turd.
Yet he lost his job within a week or two after the failure of that plan....remind me again why TC got another year, and another bonus?