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Poplicola

@Codex_Foederis

Haec veritates per se notas habemus

Montpelier Station, VA Katılım Kasım 2024
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Poplicola
Poplicola@Codex_Foederis·
Never forget the destruction of untempered government #PeanutTheSquirrel
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Poplicola
Poplicola@Codex_Foederis·
@musharbash_b So stupid. First doesn’t matter who appointed the *senior judge. 2nd it is 100% Biden’s fault (and Garland and Buttigieg and Kanter) for taking voluntary steps to initiate an antitrust action against the merger. Nothing required approval, it was a conscious effort to kill.
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Basel Musharbash
Basel Musharbash@musharbash_b·
Libertarian brain rot will be the end of this Republic. Let’s be clear: A Reagan-appointed judge blocked JetBlue’s hostile acquisition of Spirit after the CEO of Spirit himself went on CNN to argue (1) Spirit was not failing and did not need JetBlue to stay in business; (2) the JetBlue acquisition was illegal because its purpose was to eliminate competition from ultra-low-fare airlines and raise ticket prices; and (3) Spirit would be better off pursuing the legal, pro-competitive merger with Frontier (which the Justice Department had already green-lit).
Thomas Massie@RepThomasMassie

Biden took the unprecedented step of using the Dept. of Transportation AND the DOJ to block a merger of JetBlue and faltering Spirit. That block and high fuel prices have led to Spirit’s demise. Here I am in 2023 grilling Sec. Buttigieg about the block: m.youtube.com/watch?v=IC-eRF…

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Poplicola
Poplicola@Codex_Foederis·
@CGasparino Antitrust regulators don’t approve mergers. Their decision is whether to go out of their way and prohibit them.
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Charles Gasparino
Charles Gasparino@CGasparino·
A complete lack of basic antitrust knowledge in this tweet. Actually that’s why they are supposed to approve mergers. Weak companies go out of business reducing competition. The larger, stronger company can compete and cut prices to remain competitive
🄾🅃🅃🄾 🅃🄾🄿🄲🄸 for Congress@OttoTopci

@CGasparino @SpiritAirlines @JoeBiden @PeteButtigieg Antitrust regulators aren’t supposed to approve mergers just because one company has a weak business model. Their job is to evaluate competition and consumer impact. If a business only survives by reducing competition, regulators are going to ask hard questions.

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Matt Stoller
Matt Stoller@matthewstoller·
It was the DOJ, not FTC, but they weren't second guessing Spirit, they were agreeing with them. Here's Spirit's CEO saying the deal with JetBlue was illegal. youtube.com/watch?v=wKWJ4T…
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Matthew Yglesias@mattyglesias

@DouglasLFarrar I continue to be confused by the line of argument you are offering here, is it the FTC’s job to second-guess the business decisions of M&A bankers? Thanks to Spirit going out of business we know for sure that no competition was preserved by blocking the deal.

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Poplicola
Poplicola@Codex_Foederis·
@TradVat2 As minorities, that only potentially provides power for a limited time. Better to spread the power around. You must have been a Federalist in an earlier life.
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Jeremy Christiansen
Jeremy Christiansen@TradVat2·
The ABA shouldn't be destroyed. It should be properly ordered. It is almost as if our side, even those who insist otherwise, have no real desire to win.
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Poplicola@Codex_Foederis·
@SenBooker Look the Dems strategy is to have Booker say some outlandish remarks like this to take heat away from @SenWarren but surely this is not going to be taken well by a big contributor @united
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Sen. Cory Booker
Sen. Cory Booker@SenBooker·
One less carrier means higher prices and fewer options for passengers heading into summer travel. Spirit’s collapse is the latest casualty of a consolidated airline industry that was already failing working families. The growing concentration at the top has made flying a luxury instead of a given. We must ensure greater competition in our skies and real choice for all American travelers.
The Associated Press@AP

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years. apnews.com/article/spirit…

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Poplicola
Poplicola@Codex_Foederis·
@kpottermn No, it would not be worse that’s a bunch of misdirection by Dems who don’t want to be blamed. Apples and Oranges to say a larger combined carrier maybe has a chapter 11 and successfully restructures leaner to possibly 2 separate liquidations.
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Kyle Potter
Kyle Potter@kpottermn·
This is making the rounds again with Spirit on the brink of collapse for some good ol fashioned dunking. Reminder that two things can be true at once: 1. Blocking JetBlue’s acquisition of Spirit was a mistake. 2. Things could (and likely would) be far worse for the combined airline if JetBlue had been allowed to do so.
Elizabeth Warren@SenWarren

I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares. @JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation. This is a Biden win for flyers! apnews.com/article/jetblu…

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Poplicola
Poplicola@Codex_Foederis·
@TrevorScottReal That’s what typically happens with bailouts. They are loans not grants
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Trevor Scott ✘
Trevor Scott ✘@TrevorScottReal·
Good. Government bailouts should not exist. If they occur, the bailed out company should be forced to pay the money back with interest. If they fail to do so, the company should become government owned, or assets sold to the public
R A W S A L E R T S@rawsalerts

🚨#BREAKING: Spirit Airlines are preparing to fully shut down after President Donald Trump refused to approve the $500 million taxpayer-funded bailout as the discount carrier ran too low on cash

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Poplicola
Poplicola@Codex_Foederis·
@adampensel If that’s what you think then you’re highly mis/underinformed. Do some basic searching.
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Adam
Adam@adampensel·
@Codex_Foederis That’s not how it works. Spirit didn’t do shit to the other airlines ticket prices and they were never more affordable than southwest.
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Adam
Adam@adampensel·
So overstated. Spirits out the door pricing on flights has always been comparable to Southwest. And there are already other low cost carriers doing it so much better than Spirit, like Breeze. Breeze is the real disruptor.
Kyle Potter@kpottermn

For perhaps the last time: No one can afford to cheer for Spirit’s demise. Their presence forced other carriers to lower fares for years - yes, even AA, Delta & United. What a sad end to a pioneering airline. Combined with fuel prices, we’re entering a new era of higher fares.

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Poplicola
Poplicola@Codex_Foederis·
@Austen How else do you provide significant context in massive codebases?
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Poplicola
Poplicola@Codex_Foederis·
@WilliamJMcGee That’s a big “when”. Everyone is criticizing Spirit’s business model for doing just that
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William J. McGee
William J. McGee@WilliamJMcGee·
This is not only 100% correct, it's also easily proven by looking at the DOT 's quarterly airfare results. Even the smallest of low fare carriers drive down prices when they enter a route. And those prices shoot up when they leave.
Kyle Potter@kpottermn

For perhaps the last time: No one can afford to cheer for Spirit’s demise. Their presence forced other carriers to lower fares for years - yes, even AA, Delta & United. What a sad end to a pioneering airline. Combined with fuel prices, we’re entering a new era of higher fares.

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Poplicola
Poplicola@Codex_Foederis·
@bscholl @Ryanair @SpiritAirlines lol CEO of a purported new airline company needs to get up to speed on US airline regulations and something called “market barriers”
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Blake Scholl 🛫
Blake Scholl 🛫@bscholl·
Actually, Americans are more productive and wealthier than Europeans—and we can afford nicer things. UK is poorer than *any* of the 50 states. So we get nicer airlines than @Ryanair and @SpiritAirlines
Kyle Potter@kpottermn

“The business model clearly doesn’t work, Spirit should be allowed to fail.” The problem is this is bigger than Spirit. The question now should be: Why doesn’t the business model work here while low-cost carriers flourish in Europe & Asia? Is there something fundamentally different about American travelers & what they want? Maybe, but not enough. Did US airlines do it worse? Also no, IMO. There are lots of factors (rising costs far beyond jet fuel being a big one) but one differentiator here is entrenched major US airlines have been permitted to dominate hub after hub & loyalty programs (read as: credit card revenue) that dwarf what exists in every other country, allowing big airlines to offset otherwise unprofitable flying. You need scale to truly compete in the airline industry. Major carriers were able to bury Spirit with that scale. There’s a reason why new upstarts like Breeze & Avelo really only fly between second-, third- and fourth-tier cities… As more airlines fail or merge, the big get bigger. This feels like a turning point. It’s only going to get worse. And while the lower cost end of the market vanishes, everyone else is moving upmarket: chasing “premium” travel at higher fares … yet retaining the even higher nickel-and-dime fees you all hate. This isn’t just about Spirit. We’re returning to that so-called “Golden Age of Air Travel” … and I’m not sure consumers are going to like it.

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Poplicola
Poplicola@Codex_Foederis·
Now they’re fighting for survival. @realDonaldTrump is looking to help them get through this bump and save the airline's 17,000 jobs plus keep real competition alive. This is exactly the kind of company America First should protect.
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Poplicola
Poplicola@Codex_Foederis·
Here is why @realDonaldTrump should save Spirit Airlines Watch their origin story—from a box truck and 5 old planes to the airline that gave hundreds of millions of working Americans the chance to fly. youtu.be/by5tI9vxX7c @SpiritAirlines is the people’s airline. RT!
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