LFG F9Nk
10-29-2024 | 06:52 PM
#141
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Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
And not exactly sure why they would go after JB with a market cap of 2 bill vs Spirits 274 million (over 7 times cheaper, not including the debt obviously). And Spirit at this point would be wayyy more likely to pass regualtory hurdles giving the looming ch11 and pilot furloughs via "failing firm defense".
10-29-2024 | 07:18 PM
#142
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
And not exactly sure why they would go after JB with a market cap of 2 bill vs Spirits 274 million (over 7 times cheaper, not including the debt obviously). And Spirit at this point would be wayyy more likely to pass regualtory hurdles giving the looming ch11 and pilot furloughs via "failing firm defense".
Once America gets back on track after the election, it’s going to be a free-for-all. I believe legacies may have opportunities to grab up some airlines. Consolidation equates to stability and safety in this industry. Streamlining is key.
10-29-2024 | 07:34 PM
#143
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,841
Likes: 653
From: Engines Turn or People Swim
And not exactly sure why they would go after JB with a market cap of 2 bill vs Spirits 274 million (over 7 times cheaper, not including the debt obviously). And Spirit at this point would be wayyy more likely to pass regualtory hurdles giving the looming ch11 and pilot furloughs via "failing firm defense".
But I'd give them five years to get HAL sorted first.
10-29-2024 | 08:32 PM
#144
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Joined: Sep 2020
Posts: 1,560
Likes: 338
And not exactly sure why they would go after JB with a market cap of 2 bill vs Spirits 274 million (over 7 times cheaper, not including the debt obviously). And Spirit at this point would be wayyy more likely to pass regualtory hurdles giving the looming ch11 and pilot furloughs via "failing firm defense".
10-29-2024 | 08:35 PM
#145
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Joined: Sep 2020
Posts: 1,560
Likes: 338
Virgin/Alaska was 6 years ago and that was a much easier pill to swallow than Hawaiian will be.
10-29-2024 | 10:04 PM
#146
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Joined: Apr 2022
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The Airbus phase out is not the pill swallowing timeline. Wouldn’t it just be SOC? Synergies realized and single platform seems like the end point from a business standpoint. The measure of this merger won’t be everything Hawaiian swallowed and pooped out 737s.
10-30-2024 | 05:36 AM
#147
Gets Weekends Off
Joined: Jul 2010
Posts: 3,844
Likes: 91
I don’t think the legacies want to touch spirit. Maybe the airplanes, but not a merger, specially since they might be replacement for older airplanes. The only one that I could see trying might be AA, since that’s the way they want to stay ahead (same as when UsAir/AA merged).
10-30-2024 | 05:50 AM
#148
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,841
Likes: 653
From: Engines Turn or People Swim
HAL will never be fully "digested" like a VX was, obviously too complicated.
10-30-2024 | 07:51 AM
#149
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Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
You just don't pay whatever the going market cap is and you get the planes. Its not like buying a car. If you buy Spirit you also get to take on $3B in debt and very few assets since they are all leveraged or sold and then have to carry the ongoing losses (almost $1B a year) until you can get everything integrated to get the efficiencies. Trying to do that while also figuring out how to put HA/AS together would be a mess.
10-30-2024 | 07:54 AM
#150
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Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
I don’t think the legacies want to touch spirit. Maybe the airplanes, but not a merger, specially since they might be replacement for older airplanes. The only one that I could see trying might be AA, since that’s the way they want to stay ahead (same as when UsAir/AA merged).
