Posted on 05/04/2026 10:42:14 AM PDT by SeekAndFind
Gradually, then suddenly, is how bankruptcies often play out, as in “The ultra-low-cost carrier [Spirit Airlines] has struggled for years and filed for bankruptcy twice since 2024,” and now, “Spirit Passengers Rush to Find New Flights.”
Elizabeth Warren was quick to respond: “Donald Trump’s war with Iran caused the sky-high fuel prices that finally did Spirit Airlines in.” Got it, Senator.
In July, 2022, the shareholders of Spirit Airlines had agreed to be acquired by Jet Blue:
JetBlue will pay $33.50 per share, which is an equity value of $3.8 billion. The merger would give JetBlue 9% of the market, according to a JetBlue press release, compared to 23% to 13% for airlines in the Big Four, which, in total, control 80% of the market.
A 9% combined market share vs the Big Four share of 80% does not a monopoly make. Yet Senator Warren, possibly channeling Ida Tarbell’s anti-trust crusade against Standard Oil in 1904, pressured Transportation Secretary Pete Buttigieg, then convinced the Biden DoJ to successfully litigate an anti-trust suit against the merger. Warren took a victory lap in 2024
Ditto Attorney General Merrick Garland who, in January, 2024, said in a statement that:
the ruling “is a victory for tens of millions of travelers who would have faced higher fares and fewer choices had the proposed merger between JetBlue and Spirit been allowed to move forward.” Garland added the DOJ “will continue to vigorously enforce the nation’s antitrust laws to protect American consumers.”
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President Trump tried but failed to engineer a $500 million dollar bailout. Government bailouts are anathema in principle to free markets, but in this case it can be argued that government obstructionism made Spirit’s desperate push for the bailout inevitable.
(Excerpt) Read more at americanthinker.com ...
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Somebody needs to stick a Navajo Taco in Fauxcahontas’s big noise hole. There is too much crap coming out of it.
The left got their marching orders from the CEO of spirit air (right after his golden parachute poped)
trumps war and high fuel prices killed us.
amazed he would still side with the rats after what they did to his company.
Pocohauntas take scalp. Calls for much firewater!
Biden killed the merger with Jet Blue but yeah it’s Trump’s fault they went under.
Why buy a company or merge with it if you can buy its assets in foreclosure?
Those planes will be grounded just long enough to get a new paint job.
She can say these things because journalism has no curiosity, has no dignity, and has no objectivity.
Journalism is covering up for the Senator in a conspiracy of omission.
“In July, 2022, the shareholders of Spirit Airlines had agreed to be acquired by Jet Blue”. Makes me wonder what Liz got out of this deal.
“Donald Trump’s war with Iran caused the sky-high fuel prices that finally did Spirit Airlines in.”
I’d really like to know how when 87% of the oil shipped out of Iran goes to China and 10% to countries immediately in the Iran region. So we’re talking about 3% of the oil that goes to other countries and that’s enough to break the bank and cause price scalping? Trump has nothing to do with oil being profiteered by bulk oil suppliers, distributors, or wholesalers.
Warren’s thinker is broken.
wy69
WTF? Spirit Airlines was a bad business model. They had cheap rates, but for luggage and other necessities they charged large fees. Businesses should charge the cost plus a profit, not running around charges nickels and dimes to make a profit. What if McDonalds Hamburgers started charging $2 for the hamburger meats, but if you want a bread bun that is $8 more?
Just askin...
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