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Eric Daugherty: Spirit and JetBlue merger block may push up U.S. airfares
Eric Daugherty, founder and CEO at The Daugherty Company, claims that the merger between Spirit Airlines and JetBlue, which was blocked by Elizabeth Warren and Pete Buttigieg, may now drive up airfares in the U.S. by $100.
Daugherty further states that the blocked merger could have resulted in $1 billion per year in consumer savings and created 10,000 new direct jobs as well as over 1,000 daily flights.
Daugherty has previously commented on major financial events beyond the airline sector. He claimed the Southern Poverty Law Center received an $81 million return from funding related to Charlottesville activities. In a separate update, he revealed Iran’s Kharg Island is nearing oil storage capacity, risking a $170 million daily loss and increased economic strain.
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