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Originally Posted by BlueScholar
(Post 4030958)
Because Spirit’s CEO testified that they didn’t need the merger to survive, and Jet Blue testified that this would reduce competition and raise prices. That’s exactly what antitrust laws are designed to prevent.
If either executive testified differently it is very likely the outcome would have been different. Essentially any merger of any companies is going to reduce competition... the threshold should be long-term net-benefit (such as survival of a company in a specific niche). |
Originally Posted by rickair7777
(Post 4031043)
No it wouldn't have.
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Originally Posted by rickair7777
(Post 4030940)
Yes, wouldn't bet on it for 2026.
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Originally Posted by METO Guido
(Post 4031050)
Won’t matter much either way. Polemic duck soup imo. Screaming minorities don’t change. But crowds sure do. Once this tap & rack gen begins to turn, it’ll turn hard & fast.
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Originally Posted by rickair7777
(Post 4031042)
WSJ this morning...
The jet-fuel crisis is turning into a disaster for airlines. Spirit’s demise is a silver lining for the airlines it competes with. Rivals will backfill some of the vacuum Spirit’s absence leaves behind—JetBlue immediately announced 11 new destinations from Fort Lauderdale, Fla. Analysts have said that Spirit’s closure will take unprofitable flying out of the market, giving the remaining airlines more pricing power. |
Originally Posted by Name User
(Post 4031051)
Did you just have a stroke
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Originally Posted by BlueScholar
(Post 4030958)
Because Spirit’s CEO testified that they didn’t need the merger to survive, and Jet Blue testified that this would reduce competition and raise prices. That’s exactly what antitrust laws are designed to prevent.
If either executive testified differently it is very likely the outcome would have been different. I doubt anyone can purger themselves by not clarifying if avoiding Ch11 to survive is outside the scope of the questioning on survival. |
Originally Posted by OpieTaylor
(Post 4031116)
Judges fault, should have asked if they are going to need Ch11 to survive without a merger.
I doubt anyone can purger themselves by not clarifying if avoiding Ch11 to survive is outside the scope of the questioning on survival. |
Originally Posted by METO Guido
(Post 4031138)
What’s done is done. The impact of tanker traffic at a standstill. When does that farce go away?
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Originally Posted by OpieTaylor
(Post 4031116)
Judges fault, should have asked if they are going to need Ch11 to survive without a merger.
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