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  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 37 slides",
  "authorId": "jetblue",
  "authorName": "jetBlue",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "Uses a table to compare overlap metrics across three time/scope scenarios.",
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      "kind": "callout",
      "text": "JetBlue transaction has a similar regulatory profile to Frontier transaction, but less overlap in flights, seats, and ASMs. Excluding the Spirit assets in NYC and BOS, overlap is cut by almost half",
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      "text": "No matter how you cut it, Frontier has greater overlap on nonstop routes with Spirit\nA third-party assessment determined only 11% of JetBlue and Spirit nonstop routes overlap with each other, compared to 18% overlap for Frontier and Spirit\nIn 2021, JetBlue overlapped with Spirit on 54 nonstop routes (and 31 routes when excluding NEA-relevant markets), compared to Frontier’s 104 overlapping nonstop routes\nJetBlue transaction comes with less overlap in flights, seats, and ASMs than the Frontier transaction in the metropolitan areas served by both",
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      "kind": "source-note",
      "text": "1 CNN Business, April 6, 2022. 2 Based on Q1-Q4 2021 domestic Department of Transportation data. 3 Full-year data for both 2019 and 2021 based on scheduled flights/seats/ASMs.",
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      "kind": "table",
      "text": "Airline | 2019 Flights Seats ASMs | 2021 Flights Seats ASMs | 2021 ex. JetBlue NEA Flights Seats ASMs\nSpirit vs. JetBlue | 31% 31% 31% | 27% 28% 29% | 16% 16% 13%\nSpirit vs. Frontier | 45% 45% 46% | 62% 64% 62% | 62% 64% 62%",
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      "kind": "title",
      "text": "Frontier has much more overlap with Spirit than JetBlue",
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      "evidence": "Direct comparison of two merger scenarios across multiple metrics",
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      "evidence": "The document presents JetBlue's proposal as a superior alternative",
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