Elizabeth Warren hailed blocking the $3.8B Spirit-JetBlue merger as a 'Biden win for flyers.' Now Spirit is gone

[Maximum Overkill]

On 5/6/2026 at 10:04 AM, TimHauck said:

Delta eliminating drink and snack service on flights shorter than 350

That's like a 20 minute flight, who the Fuk needs food? 

[Meglamaniac]

34 minutes ago, Maximum Overkill said:

That's like a 20 minute flight, who the Fuk needs food? 

This guy

 

 

[TimHauck]

On 5/4/2026 at 2:00 PM, nobody said:

Everyone knew it wouldn't get approved because the Biden admin.

 

On 5/4/2026 at 2:09 PM, TimHauck said:

Not Spirit’s shareholders, apparently

Actually maybe they did and just didn’t care. This video introduces a different villain that I haven’t seen get much blame for Spirit‘s demise but probably should be: hedge funds.

Apparently shareholders still received over $425 million in prepayments while the JetBlue deal was pending. In addition, they (including Republican mega donor Ken Griffin’s Citadel) were a big reason the government bailout fell apart, because the bailout would have put the government’s stake ahead of their own.   Spirit was worth more to them dead than alive.