Two of the most hated airlines in the US are merging to create a giant ball of frustration. The airline that has become the butt of a seemingly endless stream of travel jokes is being acquired by another airline. The creation of the country's fifth largest airline is a result of the deal going through. The announcement of the acquisition was made in a press release on Thursday. The deal will allow the company to provide more routes. This beefed-up version of JetBlue will look to compete with other airlines if the deal goes through.
The goal of the two airlines is to bring down fares from the Big Four airlines. It's an exciting opportunity to expand our network, add jobs, and expand our platform for profitable growth as a result of this combination.
The two airlines claim they will have 77 million customers and over 500 aircraft. The goal of booking over 1,700 daily flights to more than 125 destinations will be achieved by the combined power of the two airlines. Peter Boneparth said the deal would help the company fulfill its mission. Boneparth is hilarious.
Just hours before the merger vote, the shareholders of Spirit voted against it. According to The New York Times, that deal was valued at over $2 billion. The merger of Frontier and Spirit was announced back in February but only to have JetBlue swoop in with a better offer.
If you are wondering why major airlines would engage in a bidding war for a company that is universally hated, the short answer is that Spirit, for all its rage-inducing bullshit and unexpected fees, still manages to consistently turn a profit. It is an attractive item for airlines that want to increase their size.
It is difficult to see how this deal will work out to be a good deal for consumers. The Wall Street Journal has a ranking of US airlines every year. Around 14.3% of the completed flights were delayed at least 45 minutes. The highest number of complaints was received by Spirit.
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