In the Boston Courtroom.
01-17-2024 | 02:44 PM
#202
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,120
Likes: 796
From: Engines Turn or People Swim
- “The proposed merger has the potential to increase prices for customers in two ways: 1) with the elimination of Spirit from the market, consumers would no longer have Spirit’s low prices as an option; 2) with the elimination of Spirit from the market, consumers would no longer benefit from Spirit’s downward pressure on other airline’s prices.”
Then maybe the judge should provide financial support to NK?
How big is the actual risk of BK, really? Any positive trends in financials?
01-17-2024 | 03:44 PM
#204
Line Holder
Joined: Mar 2022
Posts: 259
Likes: 31
The judge who struck down the merger was a Reagan appointee, but yes, everything is Biden’s fault. I heard he installed the plug doors on the MAX too. Oh wait, it was DEI at Boeing that caused that, but when Trump was president and MCAS was having planes fall out of the sky, then it was just Boeing’s fault…
Dementia man bad….
Dementia man bad….
01-17-2024 | 04:20 PM
#205
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
It's not good at Spirit financially.
01-17-2024 | 04:38 PM
#206
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
Looks like he did, and he was right. Couple key quotes:
https://skift.com/2024/01/16/seven-k...it-merger/amp/
- “The Defendant Airlines already have high combined market shares in numerous markets. As measured by metropolitan area, JetBlue and Spirit have 99 nonstop overlap routes; between 30% and 40% of JetBlue and Spirit’s nonstop routes overlap.“
- “The proposed merger has the potential to increase prices for customers in two ways: 1) with the elimination of Spirit from the market, consumers would no longer have Spirit’s low prices as an option; 2) with the elimination of Spirit from the market, consumers would no longer benefit from Spirit’s downward pressure on other airline’s prices.”
https://skift.com/2024/01/16/seven-k...it-merger/amp/
2. Spirit will be gone either way so that point is irrelevant.
01-17-2024 | 04:47 PM
#207
Line Holder
Joined: May 2019
Posts: 1,008
Likes: 47
“We see little valuation support for Spirit in the absence of a merger," J.P.Morgan equity analyst Jamie Baker said.The best-case scenario for Spirit would be a Chapter 11 filing, followed by a liquidation (Chapter 7), according to TD Cowen analyst Helane Becker.“
01-17-2024 | 05:22 PM
#208
off weekends (if Reserve)
Joined: May 2023
Posts: 1,187
Likes: 115
Hmmm yeah.....that's probably SAVE dropped -43% in the 7 minutes after the Judge made his decision. Using your logic SAVE would have been tanking since the trial. That was a great history lesson with US Steel and Standard Oil however the ruling was made by one man and one man alone not a 30 member board of senior felllows from the Harvard Law Review.
01-17-2024 | 06:35 PM
#209
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,120
Likes: 796
From: Engines Turn or People Swim
The judge who struck down the merger was a Reagan appointee, but yes, everything is Biden’s fault. I heard he installed the plug doors on the MAX too. Oh wait, it was DEI at Boeing that caused that, but when Trump was president and MCAS was having planes fall out of the sky, then it was just Boeing’s fault…
Dementia man bad….
Dementia man bad….
01-18-2024 | 07:36 AM
#210
On Reserve
Joined: Feb 2022
Posts: 121
Likes: 17
From: U.S. 121 CA
Hmmm yeah.....that's probably SAVE dropped -43% in the 7 minutes after the Judge made his decision. Using your logic SAVE would have been tanking since the trial. That was a great history lesson with US Steel and Standard Oil however the ruling was made by one man and one man alone not a 30 member board of senior felllows from the Harvard Law Review.
How's your investment in Theranos?
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