In the courtroom.
11-14-2023, 12:54 PM
#151
That/It/Thang
Joined APC: Aug 2020
Posts: 2,921
I dont believe for a second the 50/50 line Cohen said. As I mentioned elsewhere, he is there to gather information for his paying clients, not for free podcast viewers. He is not going to give away what he really thinks for free, to us, thats for the people who pay his bills; so he takes the east route with 50/50, "coin toss" and too early to say who is winning.
11-14-2023, 01:10 PM
#152
On Reserve
Joined APC: Oct 2022
Posts: 21
Thank you, sir. I appreciate that.
11-14-2023, 01:11 PM
#153
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
Thank you for the report.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
11-14-2023, 01:15 PM
#154
On Reserve
Joined APC: Oct 2022
Posts: 21
I dont believe for a second the 50/50 line Cohen said. As I mentioned elsewhere, he is there to gather information for his paying clients, not for free podcast viewers. He is not going to give away what he really thinks for free, to us, thats for the people who pay his bills; so he takes the east route with 50/50, "coin toss" and too early to say who is winning.
Last edited by 310god; 11-14-2023 at 01:34 PM.
11-14-2023, 01:51 PM
#155
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,667
I’d expect JB to make the argument that many more customers will be benefitting from this merger via increased options and true competition for the legacy customer dollars.
11-14-2023, 02:20 PM
#156
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Thank you for the report.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
I spoke to two other people present in the courtroom today - one was a former airline blogger (now likely an investor) and the guy that was in the podcast that Bluedriver posted (Michael Cohen of MDC Financial Research). Cohen wouldn't commit to saying JBLU's winning this; still hedging his bets. The other guy initially told me that it leaned slightly toward the merger. After the court recessed for the day, he felt that today was a pretty big win for the merger going through.
11-14-2023, 02:45 PM
#157
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
I went because I had an oversized position in NK that was taking a pretty big haircut. After watching today's session, I doubled my position. Still have a little bit of dry powder left for after turkey day when I return to watch the final arguments.
I dont believe for a second the 50/50 line Cohen said. As I mentioned elsewhere, he is there to gather information for his paying clients, not for free podcast viewers. He is not going to give away what he really thinks for free, to us, thats for the people who pay his bills; so he takes the east route with 50/50, "coin toss" and too early to say who is winning.
They would have been called by the defense anyway so nothing lost by the DOJ.
Correct about stretching it. They're trying to establish new case law to make mergers more difficult. The problem here is that the Judge is not someone who has shown an inclination for carving a new path in case law; he's almost certain to follow past precedent. JMO.
11-14-2023, 03:06 PM
#158
Gets Weekends Off
Joined APC: Aug 2008
Posts: 770
Thank you for the report.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
Why in the world would the DOJ call competing ULCCs to the stand and basically ask them "Would you have any issues if the largest ULCC were to go away and we divided up some of their profitable slots amongnst you?"
Seems to reaffirm the overridng theory that divestments are the key, they will be filled by ULCCs and quickly, and that the ULCC market is actually oversaturated, too may cheap seats in the market. More stretgth for the merger being approved.
11-14-2023, 04:58 PM
#159
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,013
Thanks for the report. I’ll say that the entire airline sector and market in general had a really good day. Spirit’s stock in particular had a really bad end of last week. This is probably just the rebound.
11-14-2023, 05:23 PM
#160
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
FYI, unless one is a reporter or lawyer and prescreened for electronic devices, you can't bring any electronics into the courtroom. They have to be checked at the entrance.
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