Management chased every quarter with little care about the long term future. Too... | Hacker News

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		instagib 19 days ago \| parent \| context \| favorite \| on: Spirit Airlines Is Winding Down All Operations Management chased every quarter with little care about the long term future. Took their profits and ran to other low cost airlines like frontier to make them ultra low cost per friends in the industry. Spirit tried to merge a few times but failed due to their balance sheets. Then bankruptcy protections. Follow the price of oil and airlines run into issues during those times when it goes above $100.

dlcarrier 18 days ago [–]

Jet Blue was for the merger, but Elizabeth Warren and Sean Duffy were against it. That's not a balance sheet problem, it's a problem of not pleasing the people in power.

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