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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 29 slides",
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  "authorName": "Moelis & Company",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "The slide uses a combination of bar charts and callouts to build a logical argument against the NEA's stated benefits.",
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      "kind": "callout",
      "text": "JetBlue & American Will Control Most Capacity from the Northeast",
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      "kind": "callout",
      "text": "...Which Is the Most Lucrative Market in the U.S...",
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      "text": "...JetBlue’s Most Important Market To / From the Northeast Is Florida",
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      "text": "JetBlue vs Spirit capacity",
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      "text": "2019 SLA PRASM",
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      "text": "The NEA's impact goes well beyond the Northeast and that is why JetBlue has refused to undertake any divestitures that would materially and adversely affect the NEA",
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      "text": "Source: Diio, DOT T-100. 1. Based on 2019 domestic ASMs. 2. Northeast region includes Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. 3. Represents share of 2019 ASMs originating in Northeast region to all domestic locations.",
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      "text": "The NEA Is Not “Limited” and “Pro-Competitive” as JetBlue Asserts",
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