Jet blue is under investigation for this northeast alliance, just as they are making claims about what spirit and frontier would be able to do. The presence of a fifth largest carrier who is a jet blue operating model strikes me as something that could be really good for fostering competition amongst the larger players. "What typically the department of justice will do when it reviews these collaboration agreements for mergers is incredibly, incredibly hard," he says.
In the latest episode, Felix and Mihir discuss the potential dark side of the rise of index investing and who should end up owning Spirit Airlines, JetBlue or Frontier.