Jon Favreau

But of course, it seems like right now it's all catching up.

And it's not just the hostilities in the Gulf that have reignited on Monday.

It's just like finally the supply issues for oil and not enough oil going through the Strait for the last 10 weeks is finally hitting oil prices and gas prices here especially really hard.

And in fact, there's a provision in antitrust law.

This is called the failing firm defense.

And they could have said that at trial.

In fact, at the trial, the CEO said the opposite, testified the opposite, that we have turned around and things are going well in spirit now.

And so didn't invoke the failing firm defense.

When they could have.

So this whole this argument now made by Republicans and the fucking tech finance douches on Twitter that like this was all Elizabeth Warren's fault and Pete Buttigieg and the Biden DOJ.

If only JetBlue had been able to buy Spirit, then they could have turned around this failing company and blah, blah, blah.

That's not what the CEO was saying at the time under oath.

The other thing you don't see people pointing out is that JetBlue is also hurting and they've lost money now for the last six years in a row.

They've cut routes.

There's a real argument that the merger could have led to two failed airlines instead of just one.

JetBlue would have taken on three plus billion dollars in debt.

If they merge with Spirit, they're having trouble right now.

Like, we don't know what would happen, but like, it's not like it was a clear-cut case where JetBlue buying Spirit and taking on $3 billion in debt as it's now cutting roots and losing money is like a big win for JetBlue either.

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