We think our deal with Frontier can do that and benefit the consumer. We're interested in delivering real value to our shareholders. And I think once their position turned hostile with us, the rhetoric has really kind of dominated, which, in my view, is at this point appearing a little childish. I mean, obviously we were surprised in the beginning when we heard from them nearly three months ago with their unsolicited proposal. They should have both.īRIAN SOZZI: Now, Ted, have you been surprised by some of Robin's just, I think, commentary? You talk to a lot of folks in the industry and I think they have been surprised by how forcefully he has come out in recent weeks. We truly believe customers should not have to choose between the low fare and a great service. And I think that is what we are uniquely positioned to do. ROBIN HAYES: A Spirit-JetBlue tie up gives us a real opportunity to create a strong national competitor to the large four airlines in the US that we know dominate the landscape, and offer low fares and great service. We'd love to get your reaction on the other side. So a really positive deal in a difficult market, but a way for us to create a more viable competitor in the US.īRIAN SOZZI: And Ted, we just had Robin Hayes over at JetBlue on with us. There's also a good synergy story here for our shareholders and a very positive story for team members, creating nearly 10,000 jobs over the next five years. It'll actually drive as much as a billion annually in fare savings for our consumers. We think, in fact, by combining the business, we're going to create a more powerful competitor to the big four airlines. Both of those companies today serve at the lowest fare, so it's a very pro-competitive story for consumers. This is an opportunity that's unique in the aviation space, where we're going to put together two really powerful ULCCs. We're really excited about this deal with Frontier. Why is Spirit- why have you guys said that the JBLU deal, why has it been poorly thought out? Ted, good to see you here on with us on what is going to be a really big day for your company tomorrow. Joining us now is Spirit Airlines CEO Ted Christie. Frontier is still seen as the front runner to land Spirit, despite JetBlue's higher offer price. Video TranscriptīRIAN SOZZI: The battle for Spirit Airlines is coming to an end with a key shareholder vote later this week. Spirit Airlines CEO Ted Christie joins Yahoo Finance Live to discuss the bidding war between JetBlue and Frontier over acquisition of the airline, inflation, and the outlook for shareholders ahead of tomorrow’s announcement.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |