Andrew Lokenauth

JUST IN: Spirit Airlines has shut down after 34 years — leaving more than 15,000 people without jobs and leaving thousands passengers stranded.

All flights have now been canceled and customer service is no longer available.

JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022 but the Govenment blocked it.

Spirt Airlines never had a fatal crash. Every Spirit flight that ever took off landed safely.

They're shutting down with a 100% perfect record.

May 2 at 1:38pmWeb
Show threadEspen 👀 🇧🇻 🇺🇦3d ago

@FluentInFinance

So why are they shutting down a success like Spirit??! 🤯

Show threadandrew7733d ago
@FluentInFinance I imagine the oil price shocks are a bigger factor than the blocked merger several years ago. Unrestricted corporate consolidation has devastated our economy, the middle class, and major aspects of our society.
Show threadGabriel Pettier3d ago
@FluentInFinance too safe to be competitive? sadly it's often a tradeoff, prorising safety means frequently leaving potential money on the table, if competitors aren't doing the same.
Show threadMark T. Tomczak3d ago

@FluentInFinance The most disgraceful thing about all of this is that the company kept taking people's money to make travel guarantees when they didn't have certainty they could honor them.

And that's on them. I don't blame a company for shutting down. I do blame it for failing to shut down by ceasing to take in tickets, issuing refunds, and honoring flights for a 2 week window.

... But leaving passengers stranded does feel very on-brand for the people ultimately responsible for that company.

Show threadQuasit3d ago
@FluentInFinance
Look for them to reopen as Trump Airlines with a 100% failure record
Show thread((Jann Gobble)) 🏳️‍🌈2d ago

@FluentInFinance @mcuban Also, I am really ticked they weren't allowed to merge w/JetBlue. Now, instead of JetBlue coming out a larger, better company, we have 15k employees who might've still been working and a JetBlue who will likely encounter problems ahead.

It's not a valid thing to say "Well, it'd be a reduction of a low cost airline in the marketplace."

Now you have a marketplace without them. Which would've been better?