61–70 of 121 posts
Earlier quoted context omitted.
But without this deal they will go bankrupt and then there will be no Dollar General of the skies and the customer loses. Maybe allowing private markets to work would have been a good idea?
Considering reorganization under bankruptcy is not equivalent to going out of business.
Meanwhile MSFT, a monopolist megacap, was allowed to buy Activision-Blizzard?
Yup, a firm monopoly on videogames if you ignore consoles [1], and PC (Steam, Epic) and mobile. [1] https://www.ign.com/articles/ps5-has-outsold-xbox-series-x-a...
That suggests that there are other reasons to block a merger other than preventing a monopoly from from growing.
Earlier quoted context omitted.
But without this deal they will go bankrupt and then there will be no Dollar General of the skies and the customer loses. Maybe allowing private markets to work would have been a good idea?
Considering reorganization under bankruptcy is not equivalent to going out of business.
Meanwhile MSFT, a monopolist megacap, was allowed to buy Activision-Blizzard?
Microsoft & Activision merging only moved them to the 3rd largest studio. Also it has plenty of pro competition factors allowing them to compete against Sony & Nintendo. They also made deals with many other distributors about expanding their game reach via cloud services. Lastly it allowed them to acquire King. Microsoft would like to break into mobile gaming more & there is a very monopolistic walled garden ala Google & Apple.
Go after Microsoft for their monopolist tactics but this wasn't one.
I am personally happy with this decision. I don’t love flying spirit but I respect them, ever since hearing their former CEO speak on a Planet Money podcast. He said straight up that Spirit Airlines is aiming to be the Dollar General of the skies. If you want something luxurious, go elsewhere. But he called out the other airlines who pretend like they are the Nordstrom of the skies, but don’t actually live up to that…
Another important item from the trial - only 1/3 of Spirit customers pay the low fee without add-ons. The rest go for something more Jet Blue like anyways.
The precedence that the judge set here is more important than the actual merger. If any tiny subset of customers are harmed the deal cannot go through. I was really surprised to see this from a judge appointed by President Reagan. This could really crush M&As in America.
Earlier quoted context omitted.
On a side note, I find it interesting that JetBlue is considered "low cost" but has the absolute best domestic business class by a long shot.
I've always considered JetBlue to be a value leader vs. low cost leader. They have nicer seats, in seat entertainment in all classes and have a pricing/refund/exchange policy that is more customer friendly than competitors. Spirit is just going for low cost. Southwest is in between where they want low cost but you have to fight for a seat and might needs to have 2 or 3 stops to cross the country depending on where yo…
I am personally happy with this decision. I don’t love flying spirit but I respect them, ever since hearing their former CEO speak on a Planet Money podcast. He said straight up that Spirit Airlines is aiming to be the Dollar General of the skies. If you want something luxurious, go elsewhere. But he called out the other airlines who pretend like they are the Nordstrom of the skies, but don’t actually live up to that…
But without this deal they will go bankrupt and then there will be no Dollar General of the skies and the customer loses. Maybe allowing private markets to work would have been a good idea?
[1] Once you account for the padding, the angle you have to sit at, etc. Even if you aren't unusually tall, it is noticeably awkward and cramped.
I am personally happy with this decision. I don’t love flying spirit but I respect them, ever since hearing their former CEO speak on a Planet Money podcast. He said straight up that Spirit Airlines is aiming to be the Dollar General of the skies. If you want something luxurious, go elsewhere. But he called out the other airlines who pretend like they are the Nordstrom of the skies, but don’t actually live up to that…
It should be noted that these were 2 small airlines trying to merge together with very little overlap & a willingness to divest more if the Government would work with them. The government refused to talk divestures & it seemed just wanted to block this deal to set a precedence. I do not think they care about Spirit's future or competition here. Another important item from the trial - only 1/3 of Spirit customers pay…
Really? How old is he, 80? Why do Americans insist in having such geriatric leaders, they're starting to make Iran look normal...
Meanwhile MSFT, a monopolist megacap, was allowed to buy Activision-Blizzard?
I am personally happy with this decision. I don’t love flying spirit but I respect them, ever since hearing their former CEO speak on a Planet Money podcast. He said straight up that Spirit Airlines is aiming to be the Dollar General of the skies. If you want something luxurious, go elsewhere. But he called out the other airlines who pretend like they are the Nordstrom of the skies, but don’t actually live up to that…
It should be noted that these were 2 small airlines trying to merge together with very little overlap & a willingness to divest more if the Government would work with them. The government refused to talk divestures & it seemed just wanted to block this deal to set a precedence. I do not think they care about Spirit's future or competition here. Another important item from the trial - only 1/3 of Spirit customers pay…
In the new era, practices, perceptions and mission statements have to also be up to a standard, not just statistics. I wonder how long this could go on for.