2024: the "Frontier will buy Spirit" theory
#211
Gets Weekends Off
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,476
Baldanza leaving the JB board and Menke replacing him. Was he good/bad during the time at F9?
https://news.jetblue.com/latest-news...s/default.aspx
https://news.jetblue.com/latest-news...s/default.aspx
#212
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Thread Starter
Joined APC: Mar 2021
Posts: 1,312
Baldanza leaving the JB board and Menke replacing him. Was he good/bad during the time at F9?
https://news.jetblue.com/latest-news...s/default.aspx
https://news.jetblue.com/latest-news...s/default.aspx
Prayers for his health and any chance of improvement
https://www.abc27.com/news/top-stori...e-energy-left/
#213
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Joined APC: Dec 2021
Posts: 593
Baldanza leaving the JB board and Menke replacing him. Was he good/bad during the time at F9?
https://news.jetblue.com/latest-news...s/default.aspx
https://news.jetblue.com/latest-news...s/default.aspx
#214
Baldanza is very sick with ALS
Prayers for his health and any chance of improvement
https://www.abc27.com/news/top-stori...e-energy-left/
Prayers for his health and any chance of improvement
https://www.abc27.com/news/top-stori...e-energy-left/
#215
Slave
Joined APC: Oct 2016
Position: Hot tub
Posts: 1,389
RLA is a joke initiated by the likes of Carnegie and Rockefeller........
#216
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Joined APC: Jul 2009
Posts: 641
We won’t vote in current day legacy rates in two years from now coming from someone inside the inner circle. The current MEC is weakened from all of our officers leaving for legacies plus our pilot group isn’t unified enough for a no vote. Our pilot group would vote yes to a 70-80% legacy contract tomorrow. I’m just being honest and hope this post changes peoples opinions, but where we sit now our NC and national don’t know how to negotiate with the company because no one including the mediators are used to dealing with such an anti labor management.
#217
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Joined APC: Jul 2009
Posts: 641
Barry gambled and won. That’s all there is to it. It would have been a fast contract. We can thank Boeing and a shift in the legacies to try and drive us out. Among a few other things. Had hiring by the big 4 continued as it should have we would have had a TA by now. Current conditions have bought Barry and franke a little time. Of course the failed JB-NK merger is playing into it. Why give us a contract now, if they will have to go through it again with a JCBA once it’s announced we’re making a play on NK again.
#218
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Posts: 641
Average RLA time in mediation is around one year. Longest ever is three years (Delta 2020) shortest ever was 136 days (United Rail Unions 2022). The harder F9 leans into concessionary proposals and/or no proposals the shorter our mediated timeline will be. I expect a proffer by the end of next year.
#220
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Joined APC: Mar 2021
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The ruling basically is the court saying we (the government) should not faciliate anything that hampers competition. Now, if the "free market" (Spirit fails and shuts down, due to no merger), and thus consumers are left with fewer choices to travel, so be it. The blood is not on the government's hands.
Regarding the "Frontier will buy Spirit theory" - that was proposed in July 2022, when Frontier stock price was $12. Frontier was going to use Frontier shares to buy Spirit. Imagine $12 each tokens to play games at Chuck E. Cheese. Now those tokens are worth $5 each. Can Barry pull it off, even if he wants to ?
"Spirit is on sale now" (Stock price down 60%). While true, the better decision will be Barry lets them bleed out, then magically appear with a Barry Biffle first aid kit. What is Spirit going to say? No?
So expect a lot of "we are not interested anymore" / "2024 we are looking at other focus areas" when Barry is asked. Make no mistake, I am sure Barry is considering buying/merging/etc with Spirit.
My opinion is Spirit, now with no dance partner, is at risk of bankruptcy and insolvency and possibly closing its doors altogether, sans another rescue attempt (which we know the DOJ is against anyway).
Alaska/Hawaiian - they will closely monitor the developments in this case and carefully craft their case, which will be successful. JetBlue and Spirit was the classroom for the Alaska/HA merger.
So the question for Frontier, which nobody knows the answer to, is: what is next?
Stay tuned
Regarding the "Frontier will buy Spirit theory" - that was proposed in July 2022, when Frontier stock price was $12. Frontier was going to use Frontier shares to buy Spirit. Imagine $12 each tokens to play games at Chuck E. Cheese. Now those tokens are worth $5 each. Can Barry pull it off, even if he wants to ?
"Spirit is on sale now" (Stock price down 60%). While true, the better decision will be Barry lets them bleed out, then magically appear with a Barry Biffle first aid kit. What is Spirit going to say? No?
So expect a lot of "we are not interested anymore" / "2024 we are looking at other focus areas" when Barry is asked. Make no mistake, I am sure Barry is considering buying/merging/etc with Spirit.
My opinion is Spirit, now with no dance partner, is at risk of bankruptcy and insolvency and possibly closing its doors altogether, sans another rescue attempt (which we know the DOJ is against anyway).
Alaska/Hawaiian - they will closely monitor the developments in this case and carefully craft their case, which will be successful. JetBlue and Spirit was the classroom for the Alaska/HA merger.
So the question for Frontier, which nobody knows the answer to, is: what is next?
Stay tuned
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