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Yogi
Yogi@Houseofyogi·
Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren She must be so proud to add another casket to her achievements. Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service. JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes. The combined company would have held 9% of the US market against a Big 4 that already owned 80%. For anyone who understands numbers: 9% isn’t a monopoly against 80%. Warren said no. She wrote letters. She pressured Buttigieg. Biden’s DOJ sued. A federal judge killed the deal in January 2024. Her argument: the merger would cost consumers $1 billion a year. Now look at her collateral damage she dusts under the rug. 510 pilots gone in the months after. 1,800 flight attendants furloughed in December. 14,000 jobs in 2023. 7,500 last week. Zero tonight. And that’s just the people in Spirit uniforms. Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back. 40,000 people out of work because of one woman’s moronic crusade against the market. And the math ain’t mathing. Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%. That’s reality. Not some BS number from a “study.” So @SenWarren tell me how this saves the consumer money? Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years. Warren killed it. That’s what moronic politicians led by socialism do. Then with her own blind arrogance, she tweeted Spirit’s collapse is “a Biden win for flyers.” A win. 14,000 people are reading termination letters tonight. And she’s taking credit. This is socialism in 2026. A senator who’s never made payroll thinks she knows how to run a market better than the people who own and work in the company. She saved you a billion on imaginary paper. She cost you ten times that in real life. She didn’t protect consumers from anything. 14,000+ will go from working to welfare. She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed. Higher taxes. Fewer jobs. More expensive everything. She called it a win. I hope you enjoy winning.
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Jonatan Pallesen
Jonatan Pallesen@jonatanpallesen·
@Houseofyogi "Her argument: the merger would cost consumers $1 billion a year." A bold claim that has zero evidence behind it.
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XenuWorldOrder
XenuWorldOrder@XenuWorldOrder·
@traderapi @jonatanpallesen @Houseofyogi It was competition neutral. Spirit was willing to be bought because they were insolvent. If a factor (the outcome of less competition in this case) is inevitable, regardless of the decision of the case, that factor must be must be removed from the equation.
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XenuWorldOrder
XenuWorldOrder@XenuWorldOrder·
Because Spirits prices were causing them to go bankrupt. Raising prices to avoid Chapter 11 is not anti-competitive. Blocking a completely reasonable acquisition, causing one party to go out of business and simultaneously taking away the remaining party’s chance to expand more affordable, allowing them to grow and give some competition to the large airlines, THAT is anticompetitive. Jet Blue will most likely expand to absorb the business Spirit left behind. They’ll hire some of the staff. But it will cost more than if they had just been able to purchase these assets directly in 2024. They’d already have acclimated everything and few flights would have been lost to the inevitable. Now flights are just gone until…. 🤷🏻‍♂️ some laid off from Spirit will get hired, but it’s not immediate. This will hurt the economy and the price of flights will definitely go up now. Everything that JetBlue needs to acquire to fill the void is going to cost more than it would have if the judge had not made that decision. We still ended up with the same amount of airlines. The judge’s decision had the more anti-competitive result. We got the slower, more expensive version of what he claimed he was stopping.
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