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And now the result is no fares, no seats, and millions of customers with less of a choice.
by ajdude 2y ago
And now the result is no fares, no seats, and millions of customers with less of a choice.
- rsynnott 2y agoI mean, presumably the shareholders will be wiped out, but the actual airline will probably continue existing in some form.
- ajdude 2y agoI'm not sure why I'm getting downvoted so heavily for this comment. Instead of giving two smaller airlines a chance to work together and compete against the "Big Four", denying the JetBlue merger all but guaranteed that Spirit would have to file for bankruptcy. The company's assets are worth more than the company itself so I wouldn't be surprised if it simply liquidates with the result being no fares (because no Spirit airlines), no seats (because no Spirit airlines), and millions of customers with less of a choice (because no Spirit airlines).
- justanorherhack 2y agoYou’re getting downvoted because it’s evidence against the prominent sentiment of government good, big business bad. How could to government ever make a mistake. The judges ruling was uneducated and poorly based, especially considering how the big four got to be so big. It was politically motivated to make the party/gov look good, but the long term results were good for nobody. I lost money betting on the merger, it makes no sense it got blocked.