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  "docSlug": "92cd3826af300dc29bb34ec88c17a00a",
  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 37 slides",
  "authorId": "jetblue",
  "authorName": "jetBlue",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 14,
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  "slideType": "valuation_reveal",
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  "density": "balanced",
  "nDataPoints": 8,
  "notes": "The slide uses a combination of a line chart to show historical price spread and a bar chart to show valuation upside.",
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      "kind": "chart",
      "text": "Upside if Frontier transaction is rejected",
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      "kind": "chart",
      "text": "Average spread (5-Apr to 29-Apr)",
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      "kind": "paragraph",
      "text": "A rejection of the Frontier transaction will result in a higher price for Spirit stock, even before any consideration of the likelihood of JetBlue’s transaction closing",
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      "kind": "source-note",
      "text": "Source: Bloomberg; market data as of May 13, 2022. 1 Spread represents the difference between JetBlue's proposal price and Spirit's trading share price. 2 JetBlue Proposal was made public on April 5, 2022. 3 Spirit rejected JetBlue's proposal on May 2, 2022. Note: $33.00 represents the offer price that Spirit shareholders could receive if the Spirit Board engaged with JetBlue in a negotiated transaction.",
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      "kind": "title",
      "text": "A vote against Frontier is a vote for Spirit shares to increase",
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      "evidence": "Visualizes the gap between current trading price and implied value of a proposal.",
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      "evidence": "The document exposes contradictions and challenges Spirit's management projections",
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      "parentBeatName": "Development",
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  "loops": [
    {
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The document emphasizes the potential consequences of not accepting JetBlue's proposal",
      "position": 1,
      "objective": "Highlight the risks of not accepting JetBlue's proposal",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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