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Wicked Radio 5-4: Who Really Killed Spirit Airlines? · Wicked Radio with Bill Adams

• 0:02
  Speaker 1: Here we are starting a brand new week. Unfortunately, a
• 0:05
  Speaker 1: lot of people are starting a week without jobs. Conservative
• 0:07
  Speaker 1: vestiment is fourteen thousand. I've heard as many as twenty vibe.
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  Speaker 1: Let's stick with fourteen. But regardless, this is all about
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  Speaker 1: Spirit Airlines getting away a direct result of people who
• 0:16
  Speaker 1: have absolutely no idea how business works and how the
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  Speaker 1: free market works, sticking their noses into it for political points.
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  Speaker 1: That's exactly what happened, despite what you've been told about
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  Speaker 1: Spirit Airlines. But I always leave you with great news.
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  Speaker 1: There's amazing news. Actually, the free market always always wins,
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  Speaker 1: kind of like how water always finds the lowest ground.
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  Speaker 1: You know, eventually this actually something amazing happening with this
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  Speaker 1: defunct Jet Blue Spirit Airlines merger. But regardless, it made
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  Speaker 1: it more difficult on all of us. We got to
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  Speaker 1: get through that, and we will. But the free market,
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  Speaker 1: in two great examples, is gonna come on on top here.
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  Speaker 1: And that's fantastic.
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  Speaker 2: Hey.
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  Speaker 1: And it's also unless you're watching this or listening later on,
• 0:56
  Speaker 1: it's May the fourth. May the fourth be with you're
• 1:00
  Speaker 1: wondering why you're seeing so much Star Wars stuff out
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  Speaker 1: there in the world today in your business world and
• 1:04
  Speaker 1: your life and your casual lifestyle world. That's why it's
• 1:07
  Speaker 1: a big promotional thing. It took them years to figure
• 1:09
  Speaker 1: out to use May the fourth, May the Force, you know,
• 1:12
  Speaker 1: for Star Wars promotions, but they do it now anyway.
• 1:15
  Speaker 1: That's why eanks for finding me. Welcome to Monday and
• 1:18
  Speaker 1: May the fourth. It's Wicked radio, live streaming and replay
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  Speaker 1: x YouTube, Facebook, but your audio podcast too wherever you
• 1:24
  Speaker 1: like to get those like share, follow whatever they tell
• 1:26
  Speaker 1: you to do. Thanks for being here. How did we
• 1:28
  Speaker 1: get here? How did we get here? Let's start with
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  Speaker 1: this past weekend, Secretary Transportation Sean Duffy at Newark Airport
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  Speaker 1: explaining what's going on with Spirit Airlines and then he
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  Speaker 1: kind of looked took shots. I appreciate this about this administration.
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  Speaker 1: I do. They have people who are in the administration
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  Speaker 1: in cabinet positions everything else. They're not afraid to name names,
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  Speaker 1: and I love that. So here's how we started with
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  Speaker 1: a held a press conference.
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  Speaker 2: Ze Secretary of Transportation Sean Duffy is speaking at Libordia
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  Speaker 2: or Newark Liberty Airport, YA.
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  Speaker 3: Spared airlines seized operations. So what that means is Spirit
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  Speaker 3: does not have airplanes in the air flying as of
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  Speaker 3: this morning. Also, their call centers are closed and they
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  Speaker 3: don't have staff at ticket counters.
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  Speaker 1: So now that's chaotic. Regardless, some would argue that it's
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  Speaker 1: chaotic to fly Spirit Airlines anyway. But still this means
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  Speaker 1: less options for the consumer, and that sucks. That's what's terrible.
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  Speaker 1: First piece of good news was other airlines, including American
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  Speaker 1: I believe Jet Blue as well. Funny enough, because they
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  Speaker 1: were supposed to be buying them, stepped up to help people,
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  Speaker 1: you know, with their flights. They'll take them on, they'll
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  Speaker 1: try to fit them in however they can. They're also
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  Speaker 1: going to accept job applications for these fourteen thousand plus
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  Speaker 1: people who are now out of work because of this.
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  Speaker 1: But then Sean Duffy did something else. He named names,
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  Speaker 1: and he explained exactly why we're here. It's important that
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  Speaker 1: he did this on Saturday. Why are we here today?
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  Speaker 3: There was a proposed merger between Jet Blue and Spirit,
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  Speaker 3: and Joe Biden and Pete poota je judge along with
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  Speaker 3: the Biden doj decided that they did not want that
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  Speaker 3: merger to take place, and at the time, the Biden
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  Speaker 3: and Buddha Judge DJ bragged and said as they canceled
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  Speaker 3: the option for this merger that this was a victory
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  Speaker 3: for US travelers who deserve lower prices.
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  Speaker 1: And better choices. Now, many at the time said this
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  Speaker 1: was a disaster.
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  Speaker 3: This merger should have been allowed, and this today would
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  Speaker 3: indicate this is not better for travelers, This is not
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  Speaker 3: better for pricing, and this is not better for competition.
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  Speaker 1: Actually, in what world would it be? How do you
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  Speaker 1: remove an airline or stop a merger? Stick your nose
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  Speaker 1: in with the government, sticks in private industry. It's nose
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  Speaker 1: into private industry and stops a merger. Look at the
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  Speaker 1: end result. It took two years, but here we are
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  Speaker 1: now one airline has to go away. That means jobs
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  Speaker 1: go away. People who are stuck with those flights are
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  Speaker 1: all screwed up. The other airlines have to try to
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  Speaker 1: fit them in. People are out of work. In what
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  Speaker 1: world is that? Okay? But that wasn't the case. Who
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  Speaker 1: is he talking about, specifically? Who stepped in from the
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  Speaker 1: political world in twenty twenty four to screw this all up? Well,
• 4:07
  Speaker 1: let me give you a little hint. It rhymes with folkahonness.
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  Speaker 1: Some would call her. Some people who wound up being
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  Speaker 1: president again coined the term Pocahontas. That's right, Elizabeth Warren,
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  Speaker 1: the senator from the used to be great state of Taxachusetts,
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  Speaker 1: the People's Republic of Massachusetts, now stuck her nose in
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  Speaker 1: and spearheaded the effort to screw up this merger. Could
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  Speaker 1: it be? Is that really true? Was it really her? Well,
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  Speaker 1: let me go directly to one of her posts from
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  Speaker 1: let's see what the date is, March fifth, twenty twenty four.
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  Speaker 1: This is Senator Elizabeth Warren. You may know her as Pocahontas.
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  Speaker 1: I've worn for months that a Jet Blue Spirit Airlines
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  Speaker 1: merger would have led to fewer flights and higher affairs.
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  Speaker 1: Actually that's where we are now despite the merger. Anyways,
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  Speaker 1: Justice and USD were right to stand up for consumers
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  Speaker 1: and fight against it, run away airline consolidation. This is
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  Speaker 1: a Biden win for flyers, Yeah, real win. Look at
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  Speaker 1: all those jobs you cost, you absolute moron, but there
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  Speaker 1: you are, and that This is the classic case of
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  Speaker 1: when people who have absolutely no clue how business or
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  Speaker 1: free market works stick their noses in, come out of
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  Speaker 1: the teepee and stick their noses into business and screw it.
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  Speaker 1: Up for everybody, and here we are. But she wasn't
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  Speaker 1: the only one to screw up a deal this big.
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  Speaker 1: You need some help now. You would be hard pressed
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  Speaker 1: to find anybody dumber in politics than Senator Chris Murphy,
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  Speaker 1: amazingly from another New England state, from Connecticut. Good job, Connecticut.
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  Speaker 1: Let's go back again to twenty twenty four when they
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  Speaker 1: were all jumping up and down celebrating destroying a merger
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  Speaker 1: that would have saved all these jobs. Here he is.
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  Speaker 1: Let's go back in time and find out how dumb
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  Speaker 1: he was then and now.
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  Speaker 2: So this week, at the request of the Biden administration,
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  Speaker 2: a federal judge blocked a big airline merger between two
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  Speaker 2: airlines you've heard of, Jet Blue and Spirit. I want
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  Speaker 2: to tell you why this is really important for consumers
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  Speaker 2: but also for the country. The Biden administration has made
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  Speaker 2: it a priority to try to break up these big monopolies,
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  Speaker 2: to try to infuse more competition into our economy. You know,
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  Speaker 2: this is a problem because you've seen these massive companies
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  Speaker 2: become more and more powerful, and that's really bad for workers,
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  Speaker 2: it's really bad for consumers. It just sort of, you know,
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  Speaker 2: guts the emotional soul of the country when.
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  Speaker 1: How do you think the emotional soul of the traveler
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  Speaker 1: stuck at airports this weekend? Felt? Chris? Did you ever
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  Speaker 1: think about that? Because they cannot They they don't have
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  Speaker 1: the ability to think down the road what the implications
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  Speaker 1: would be for this. They can't do it because I
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  Speaker 1: can't find a better word for it. People like Elizabeth
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  Speaker 1: Warren and him, Chris Murphy, they're just they're they're dumb.
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  Speaker 1: They're just they're very, very simplest, dumb people who stick
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  Speaker 1: their noses to where it doesn't belong for political points
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  Speaker 1: because it sounds great. We're doing this, We're stopping big corporations,
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  Speaker 1: you know, those billionaires, and look at the results. Now
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  Speaker 1: you've got an airline gone and fourteen thousand conservative estimate,
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  Speaker 1: job's gone until now. Now, this is the timeline of
• 7:19
  Speaker 1: the propagandavist sent out there and the media spin that started.
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  Speaker 1: What did you probably hear was the cause of Spirit
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  Speaker 1: airlines going away over the weekend? Think about it? What
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  Speaker 1: did you have your your dim wit friends tell you?
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  Speaker 1: What'd you hear? What the mainstream media? What did CNN
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  Speaker 1: tell you? It's all about? What did they try to
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  Speaker 1: spin as soon as Sean Murphy started naming names, Sir
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  Speaker 1: Sean Duffy started naming names. This is Trump's high gas
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  Speaker 1: prices causing Spirit airlines to go away. As if a
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  Speaker 1: temporary spike in gas prices is going to cause an
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  Speaker 1: airline to go away. No, it was hemorrhaging money because
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  Speaker 1: a deal that would have saved it went away because
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  Speaker 1: of idiots like Chris Murphy and Elizabeth Warren. That's why.
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  Speaker 1: But once they started name and names people to want,
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  Speaker 1: I've started to understand the truth about why this airline
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  Speaker 1: went away. Oh we gotta get the spin out there,
• 8:06
  Speaker 1: get the news out there. Blame Trump gas. People see
• 8:09
  Speaker 1: high gas prices this weekend, Blame the gas prices. Fuel prices,
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  Speaker 1: whose airline fuel? That's what it was, right, don't you
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  Speaker 1: buy it? Thankfully we have people now at charge who
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  Speaker 1: actually know what they're doing. Scott Pisent, Treasury Secretary. Boy,
• 8:22
  Speaker 1: is this guy a brilliant He actually was on Maria
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  Speaker 1: Bartiromo explaining pretty much what Sean mur Sean Duffy getting
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  Speaker 1: all their durphies and Duffies and Murphy's mixed up, explain
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  Speaker 1: what exactly happened, But he laid it out perfectly this weekend.
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  Speaker 4: This is just more of the mess we inherited from
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  Speaker 4: the Biden administration. In twenty twenty September twenty twenty two,
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  Speaker 4: Elizabeth Warren, who loves to write letters, sent a letter
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  Speaker 4: to the Justice Department, to the Labor, to the Transport
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  Speaker 4: Department saying that they should oppose the merger with Sperry Airlines.
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  Speaker 4: Jeff Blue wanted to buy them for three point eight
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  Speaker 4: billion dollars. It would have given them much more resiliency.
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  Speaker 4: And she and the Transportation Secretary peepe Buddha Jedge is
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  Speaker 4: probably the worst transportation secretary in history when he came
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  Speaker 4: to the office. They also they were against the merger.
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  Speaker 4: And if Jeff Blue had merged with Spirit, we would
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  Speaker 4: have all these jobs that were lost. Yesterday we had
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  Speaker 4: thirty airport, thirty regional airports who have lost service. And
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  Speaker 4: I can tell you what happened here. It wasn't Treasury,
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  Speaker 4: was Commerce that was trying to put something together. But
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  Speaker 4: the reason we were here was because the merger. The
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  Speaker 4: Biden administration opposed the merger. We shouldn't have been here
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  Speaker 4: in the first.
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  Speaker 1: Shouldn't have been here in the first place. Isn't that correct,
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  Speaker 1: Because why again, what's our theme today? People who have
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  Speaker 1: absolutely no idea how free market economy works. Socialists from
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  Speaker 1: Massachusetts and Connecticut in the form of Elizabeth Warren and
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  Speaker 1: Chris Murphy stuck their noses in for political points because
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  Speaker 1: it sounded good to stop a big corporation, those billionaires,
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  Speaker 1: those bad people stuck their noses in, and here you
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  Speaker 1: are now, look where we are now. But I always
• 10:06
  Speaker 1: leave you with good news. If you look through all
• 10:08
  Speaker 1: the propaganda and the spin and the crap, and you
• 10:10
  Speaker 1: look through the idiots who get us to this point,
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  Speaker 1: free market always wins. What do you mean, Bill, this
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  Speaker 1: sounds pretty bad when fourteen thousand people lose their jobs. Well,
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  Speaker 1: free market is more powerful than they are. Because something
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  Speaker 1: amazing is happening right now from airline insiders, and they're
• 10:25
  Speaker 1: all saying this people who actually follow this industry. Jet
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  Speaker 1: Blue may be pulling off an ultimate power move here
• 10:32
  Speaker 1: because there are smart people that actually run the company,
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  Speaker 1: and believe it or not, no matter what you think
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  Speaker 1: of Spirit Airlines and all the fight videos we used
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  Speaker 1: to see on Spirit Airlines, that's a different matter. There
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  Speaker 1: are smart people who run these things. Hours after Spirit
• 10:44
  Speaker 1: Airlines went dark, Jet Blue began swooping in, reportedly into
• 10:50
  Speaker 1: South Florida. That would be Fort Lauderdale, which is a
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  Speaker 1: major Spirit hub with a full blown rescue mission. And
• 10:56
  Speaker 1: they're not playing small ball here. Here's the breakdown. Ninety
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  Speaker 1: nine dollar rescue fares for anybody holding a valid Spirit ticket,
• 11:03
  Speaker 1: same route, same dates, one eight hundred Jet Blue. So
• 11:07
  Speaker 1: check out to that. Because remember those airlines I was
• 11:09
  Speaker 1: talking about, they're helping out people, jobs and flights. They're
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  Speaker 1: swooping in, but that's just a little bit of it.
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  Speaker 1: Jet Blue plans now because of this opening, scoop up
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  Speaker 1: Spirit Airlines assets. They have a lot of assets, both
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  Speaker 1: tech and actual physical airplanes and to make Fort Lauderdale
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  Speaker 1: a major hub. So even though the government stuck the
• 11:32
  Speaker 1: noses in where it doesn't belong and they screwed up
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  Speaker 1: this merger, it may work out for the free market
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  Speaker 1: economy and therefore consumers anyway, because they're going to buy
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  Speaker 1: Spirit Airlines assets regardless, and that wouldn't be a merger.
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  Speaker 1: Wouldn't that be incredible where the free market wins again
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  Speaker 1: despite idiotic politicians stepping in and screwing it up. You notice,
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  Speaker 1: by the way, Elizabeth Warren was dead silent about any
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  Speaker 1: of this stuff this weekend, even though she screwed it
• 11:59
  Speaker 1: up in the beginning twenty twenty four. Chris Murphy also
• 12:02
  Speaker 1: silent because he was probably asleep all weekend. But anyway,
• 12:04
  Speaker 1: there they are not saying anything because they know this
• 12:07
  Speaker 1: falls directly on them. But once it started to fall
• 12:10
  Speaker 1: directly on them again, what was the spin. It's it's
• 12:13
  Speaker 1: Trump fuel prices, it's a rent, it's Operation epic Fury
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  Speaker 1: causing this. No, I know you didn't believe that, but
• 12:21
  Speaker 1: make sure that people around you didn't believe that either.
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  Speaker 1: Free market always steps in and win. But there's another one,
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  Speaker 1: and this is great. This is just a little bit
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  Speaker 1: of a light hearted kind of thing. So you know
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  Speaker 1: how they always put together like crowdsource funding things and
• 12:33
  Speaker 1: you know, free market things and even gofundmes at some
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  Speaker 1: time where the online presence of people who have ideas
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  Speaker 1: start to boost up a little bit. There's a kid,
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  Speaker 1: his name is Hunter Peterson. He's an airline enthusiast. He
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  Speaker 1: says he's a TikToker. He put together a crowd funding
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  Speaker 1: crowdsource funding plan to buy Spirit Airlines. Now I know
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  Speaker 1: that just sounds funny, right. You know, some goof on
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  Speaker 1: TikTok gets on there, But let him explain in just
• 13:04
  Speaker 1: a couple of hours how much money they actually put
• 13:06
  Speaker 1: together or dedicated towards actually buying Spirit Airlines. Did it work?
• 13:09
  Speaker 1: Will it work?
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  Speaker 2: No?
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  Speaker 1: It will not. But I'm telling you, sometime in our lifetime,
• 13:14
  Speaker 1: one of these things is actually going to work. Someone's
• 13:16
  Speaker 1: going to put together a funding source online whatever it's called,
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  Speaker 1: in a few years and is actually going to be
• 13:22
  Speaker 1: able to buy a major corporation. This is a classic example,
• 13:25
  Speaker 1: two great examples of the free market fixing things. Jet
• 13:29
  Speaker 1: Blue buying up Spirit assets anyway and ordering those flights.
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  Speaker 1: That's the first thing where this will work. And the
• 13:35
  Speaker 1: second thing is actual people taking things into ruins. Here's
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  Speaker 1: this kid, Hunter Peterson on TikTok over the weekend with
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  Speaker 1: his idea for regular people to buy Spirit Airlines. In theory,
• 13:46
  Speaker 1: this is fantastic. Someday one of these is going to Okay,
• 13:48
  Speaker 1: So it's.
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  Speaker 5: Been about two and a half hours, and y'all are
• 13:51
  Speaker 5: really interested in all of us buying Spirit Airlines. So
• 13:55
  Speaker 5: I made a website. It's called Let's buy Spirit dot com.
• 13:58
  Speaker 5: Register your intent. I won't take any we're not going
• 14:00
  Speaker 5: to use it anymore. That was kind of a joke,
• 14:03
  Speaker 5: and we're going to try and I guess buy Spirit Airlines.
• 14:07
  Speaker 5: Let's see this, you and me. I'm kind of autistic
• 14:11
  Speaker 5: and I really like airplanes.
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  Speaker 4: It's so.
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  Speaker 1: Quote for me as CEO.
• 14:17
  Speaker 2: Are we actually do?
• 14:19
  Speaker 1: How fantastic is that? And it got into that. I
• 14:21
  Speaker 1: don't know where it is right now. I checked it
• 14:23
  Speaker 1: last night, but it got into the hundreds of millions
• 14:26
  Speaker 1: of money pledged because people less facing people knew their
• 14:29
  Speaker 1: money actually wasn't gonna be spent. But seriously, just the
• 14:31
  Speaker 1: idea that something like this could happen, with the concept
• 14:34
  Speaker 1: of putting together money or people pledging money to do it.
• 14:38
  Speaker 1: What happens if this actually works, not yet, ten years,
• 14:42
  Speaker 1: fifteen years down the road, something some company is going
• 14:44
  Speaker 1: to fail and there will be actually be actual investors
• 14:48
  Speaker 1: that will be crowdsourced online to buy them, you know,
• 14:52
  Speaker 1: not in the dark boardroom somewhere, you know, not insider
• 14:56
  Speaker 1: trading on Wall Street, but regular people joining up to
• 14:58
  Speaker 1: buy a company. Someday day it's going to happen. I
• 15:00
  Speaker 1: don't know what industry it would be. I don't know
• 15:02
  Speaker 1: what company it would be. But someday somebody's gonna pull
• 15:05
  Speaker 1: this off because you have the resources. Now, you have
• 15:08
  Speaker 1: the ability to get that information to put together that
• 15:10
  Speaker 1: kind of funding. If anybody was ever smart enough to
• 15:12
  Speaker 1: put this together, that would that would be amazing. But
• 15:16
  Speaker 1: the free market wins. The big takeaway, don't buy the lie.
• 15:19
  Speaker 1: It's not Operation Epic Fury closed Spirit Airlines. The dumb
• 15:23
  Speaker 1: people among us will believe that because they believe the
• 15:25
  Speaker 1: media spin. But when did that spin start to come about?
• 15:29
  Speaker 1: When you had the Treasury Secretary and the Transportation Secretary
• 15:33
  Speaker 1: naming names and who is responsible for screwing this up?
• 15:36
  Speaker 1: Idiot politicians who stuck their noses in. But the free
• 15:39
  Speaker 1: market's going to win anyway. Something will happen with Spirit.
• 15:41
  Speaker 1: It's a shame that they're going through that. I can't
• 15:43
  Speaker 1: stand at the fact that people are stuck in airports
• 15:45
  Speaker 1: and their flights and all this other stuff. But this
• 15:48
  Speaker 1: will wind up being a great thing. Jet Blue will
• 15:50
  Speaker 1: buy the assets, they'll expand their operations, and the free
• 15:53
  Speaker 1: market always wins. Always, don't buy the spin. Actually hanging
• 15:56
  Speaker 1: out with me, I gotta get out of here. I
• 15:57
  Speaker 1: got stuff to do, But so do you. Welcome to Monday,
• 16:00
  Speaker 1: May the fourth be with you. You're gonna find a lot
• 16:02
  Speaker 1: of Star Wars content on your social media today, maybe
• 16:07
  Speaker 1: even people at work dressing up like Star Wars characters.
• 16:09
  Speaker 1: I don't know how weird it gets. I don't know whatever,
• 16:11
  Speaker 1: but it's a big Star Wars day for the fandom,
• 16:13
  Speaker 1: and they're gonna push the I think it's the No
• 16:15
  Speaker 1: Grogu movie that's coming out. You can see advertising for
• 16:17
  Speaker 1: that all over the place. It's just a fun marketing
• 16:20
  Speaker 1: kind of thing. That's all all right, Thanks for hanging
• 16:21
  Speaker 1: out with me, appreciate you. It's only Monday. Making a
• 16:23
  Speaker 1: wicked awesome Monday. The replay on x and YouTube and
• 16:26
  Speaker 1: Facebook and the audio podcast as always wherever you like
• 16:29
  Speaker 1: to get them. Making a wicked awesome start to the week.
• 16:32
  Speaker 1: It's only gonna get better from here. Talk to you tomorrow.