I’m not a huge fan of corporate mergers, but there was a pretty clear exit ramp that would have averted Spirit going out of business, and it was the Spirit / JetBlue merger. Democrats led by Sen. Elizabeth Warren, who seemed to be running half the Biden administration, took credit for killing the deal, claiming that the “merger would have led to fewer flights and higher fares.”
On social media, Warren is arguing that the Iran war is to blame for Spirit shutting down. Except that Spirit faced bankruptcy long before the war. It came out of Chapter 11 at the end of last year.
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