Spirit Airlines just dropped a financial bombshell—a bleak warning about its survival, leaving little doubt that the airline may not make it through the next year without drastic change or another rescue. We should never have reached this point.
Let’s revisit my earlier post deconstructing Judge William Young’s decision to block the merger with JetBlue. I observed then that the activist ruling was detached from market reality and more importantly, fundamentally misconstured the Clayton Act. The judge seemingly refused to see the obvious: Spirit needed scale or capital, and blocking the merger with JetBlue choked both and did nothing to preserve competition.
At the time, I wrote:
A great solo travel tip spotted this week on Live and Let's Fly.
