Spirit Mergers and Acquisitions Presentation Deck
Is JetBlue Purposefully Downplaying the Substantial
>>> Regulatory Risk?
!
JetBlue's Claim
"Combined Spirit / Frontier
and JetBlue/Frontier will be
approximately the same size"
"The NEA is limited and
pro-competitive"
"JetBlue has solved Spirit's
NEA concerns by offering to
divest all of Spirit's assets in
NYC and Boston"
Reality
Not about size, but about type of carrier - JetBlue is a high-fare carrier
JetBlue acquisition removes the largest low-fare competitor, affecting millions of
consumers across the U.S.
If the NEA is so pro-competitive, why is DOJ suing to block it?
The NEA is not "limited”….. it is a de facto merger between JetBlue and American Airlines
(the largest airline in the world) in the Northeast and will have a major effect in the most
lucrative air travel region in the U.S. and will harm air travelers across the country by
significantly diminishing JetBlue's incentive to compete with American
JetBlue is expressly reserving the right to refuse any other divestiture commitments that
would materially and adversely affect the NEA
If JetBlue believes that divestitures in NYC and Boston are sufficient, why would it need to
explicitly carve out any other divestitures in any other markets that would materially and
adversely affect the NEA?
JetBlue's Unrealistic Regulatory
Analysis Results in an Illusory Offer
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