How likely is an acquisition at the 11th hour here? Seems like especially in the current fuel situation that acquiring Spirit is a pretty risky move. Not sure the gov is going to bail them out either.

Facts matter. Spirit approached the administration and begged for help. Trump wanted to assist although it would have to be Congress to pass the legislation and appropriate any money. Apparently, Spirit's bond holders won't agree to be subordinate to the govt in terms of debt repayment. If you're gonna blame anyone, blame the BIDEN ADMIN for suing to stop Spirit's merger with Jet Blue.

Sorry but Trump doesn't have any say on this matter.

WSJ is infinitely more trustworthy than DJT.

Correct. Congress would have to pass the legislation and appropriate the money. Pres doesn't have the unilateral authority in this particular situation (Intel was different and so was the rare earth deal). Moreover, it appears that it's Spirit's bond holders who are refusing to be subordinate to the gov't in terms of debt repayment. Congress won't even consider anything unless the gov't has the primary position.

Congress has shown it’s been more than willing to let the administration take the lead when it’s politically convenient so they can keep their insider trading and then go saber rattle on X.

If the administration really wanted to push something like this, I wouldn’t bet on Congress being the limiting factor. More likely you’d see some obscure statute dusted off and stretched to fit, then the whole thing gets kicked to the courts to sort out afterward.

Very possible. However, my gut tells me there is no deal and the admin wants Spirit to make the announcement, etc.

The FAA air carrier certificate only talks about the technical certification of the airline to conduct flight operations. Airlines also need a "Certificate of Public Convenience and Necessity" from the Department of Transportation. That's basically the DOT has found the airline capable of operating as a going concern from an financial standpoint. You need both. Lose one or the other and you're done.

There was absolutely no way JB would have gone through with the merger; not a chance. They saw the writing on the wall long before that trial was decided. They'd both be in BK and possible liquidation by now.

Stop using this excuse and blame the real parties responsible for this meltdown...Management, plain and simple! Did you ever hear Trump say even one time that he needed congressional approval for a deal? No you didn't. This was a PR stunt plain and simple and a few in the know probably made some quick cash manipulating the stock.

So yes, Kirby "Was Right". His timing was just off by a few months. Anyone with a basic business degree could see this coming a mile away.

I would do the following

use 2 GFDs and float unused vacation to April (if same bid month) and 2 for May. I would want to get time out of sick and vacation and onto the monthly credit. Then sad to say, I’m calling out sick. You won’t see that sick pay