Penn State Dad

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Penn State Dad

Penn State Dad

@PghPennStateDad

Time to clean house… #WeAre

United States Katılım Mayıs 2014
1K Takip Edilen1.7K Takipçiler
Turquoise Cat
Turquoise Cat@Turquoise__Cat·
Trump bankrupted another company.
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Kate Fangman
Kate Fangman@KateFangman·
@PghPennStateDad @Retrievals1 Nobody is arguing that the business was in good place in 2026 but that was not what they claimed years ago when they sought the merger. It only demonstrates that had the merger gone through, two businesss may have failed.
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Penn State Dad
Penn State Dad@PghPennStateDad·
@KateFangman @Retrievals1 If you are in the airline business and can’t afford a $1 a gallon increase in fuel your position as a business was in bad shape. I’m thinking you don’t understand business perhaps?
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Kate Fangman
Kate Fangman@KateFangman·
@PghPennStateDad @Retrievals1 They had another merger already negotiated. If they wanted to merge, they could have merged. Their legal argument was not based on business need. I think perhaps you are aware of how much fuel airlines use and how much an increase affects them.
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Penn State Dad
Penn State Dad@PghPennStateDad·
@KateFangman @Retrievals1 God forbid they look for the best deal. And I’ll ask u what I’ve asked everyone…how’s that antitrust now that an airline went out of business and now we have 1 fewer airline? You think prices may go up now? LOL
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Kate Fangman
Kate Fangman@KateFangman·
@PghPennStateDad @Retrievals1 Because the shareholders discarded the deal with Frontier for one that would have paid them a higher price for the stock but violated antitrust laws. If the position was that they did not need to merge to stay alive, then that removes the blame for their demise from Biden.
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Penn State Dad
Penn State Dad@PghPennStateDad·
@KateFangman @Retrievals1 I don’t care what you show me about blame on gas prices. They were in that position because of the failed merger. If a company has to close because fuel went up a dollar how strong do u think ther position was? LOL.
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Zero Tolerance Policy
Zero Tolerance Policy@ThoughtCrimes80·
I’m actually rooting for this guy. He’s trying to buy Spirit Airlines. Today he launched, “Let’s Buy Spirit Dot Com,” and he’s asking for pledges. Amazingly, he already raised almost $54,000. “Spirit didn't fail because people stopped flying. It failed because Wall Street loaded it with debt and extracted every dollar it could. The routes are real. The demand is real. The only thing missing is ownership that answers to the people — not to shareholders.” Amazing. 👏🏼✈️💛
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Penn State Dad
Penn State Dad@PghPennStateDad·
@tommysantos14 So just out of curiosity what does an airline going out of business do to anticompetitive harm?
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Tom Santos
Tom Santos@tommysantos14·
They lost the Spirit argument yesterday and then lost their shit all day. New talking point disseminated today for all of them to copy and paste: "There have been many successful airline mergers besides JetBlue-Spirit, and you were fine with it. They were the same." No. No they were not. Here's why You can just save the time in responding to the MAGA Copy and Paste Commando's and paste this in response. You have better things to do on your Sunday than look all of this up. Happy weekend, friends. Approved deals like Alaska Airlines–Hawaiian Airlines in 2024 and Allegiant–Sun Country in 2026 involved more complementary operations with minimal head-to-head route overlap. Regulators saw net benefits and limited harm in those instances. In contrast, here are the major reasons why regulators did not allow JetBlue and Spirit to merge: 1. Significant Route Overlaps & Elimination of Price Competitor JetBlue and Spirit competed head-to-head on hundreds of routes serving millions of passengers. The DOJ argued JetBlue would eliminate Spirit, which was the the largest ULCC and a key driver of low fares, leading to higher prices. Internal JetBlue documents even projected fare hikes up to 40% on some routes. The court found this would "substantially lessen competition" and harm cost-conscious travelers. justice.gov/archives/opa/p… 2. Focus on Low-Cost Segment Unlike legacy carrier mergers, this deal consolidated two of the biggest challengers to the "Big 4" (Delta, United, American, Southwest). Regulators saw Spirit's aggressive discounting as irreplaceable, and removing it would reduce innovation and choice in the ULCC space without strong offsetting efficiencies. promarket.org/2024/02/17/why… 3. Lack of Compelling Pro-Competitive Defenses JetBlue claimed the merger would create a stronger fifth competitor, but the court rejected this. There were no major network complementarities, and JetBlue's plan to convert Spirit's planes/seats suggested capacity cuts rather than growth. The "failing firm" argument for Spirit was weak; it was struggling but not proven unviable at the time. Which ended up being true, since the company has survived up until this point, where Trump's Iran war has exploded fuel prices, finally killing the airline. JetBlue's objective was the removal of the low-fare disruptor from the marketplace, which is why Reagan-appointed William Young ruled it violated Section 7 of the Clayton Act.
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JoJo
JoJo@jojo789987·
Wow!!! My family of 7 was supposed to fly on Spirit to Miami for $597.48 total. The @AmericanAir rescue fares are almost 10x that!!! @SecDuffy how is the average American family supposed to travel?#pricegouging
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Penn State Dad
Penn State Dad@PghPennStateDad·
@jojo789987 @AmericanAir @SecDuffy $769.80 per round trip ticket per person plus we don’t know how many bags you accounted for or what section you put yourself in…that’s not outrageous
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Kate Fangman
Kate Fangman@KateFangman·
@PghPennStateDad @Retrievals1 Spirit wasn’t prevented from merging, the merger with Jet Blue was stopped because it was designed to eliminate competition and raise prices, violating antitrust law. Spirit also had the option of merging with Frontier, but passed for a higher stock buyout price.
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Penn State Dad
Penn State Dad@PghPennStateDad·
So you’re sharing a story about the Biden DOJ suing them to somehow make a case the Biden Admin didn’t block this? And we are all going to ignore the democratic politicians cheering this? Congrats. You now have less competition, less flights, and higher prices coming. You got what you want.
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Dream for America
Dream for America@DreamAmerica_·
PETE BUTTIGIEG: "What if we selected our President by letting the person who got the most votes take the office, instead of the Electoral College?"
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Penn State Dad
Penn State Dad@PghPennStateDad·
@DreamAmerica_ Anyone want to tell him how many votes Trump got? Also, can someone explain 5th grade civics to our former US Transportation secretary?
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