{
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  "docSlug": "5ebaed02e9f7ede20c1db26a05a5ec33",
  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 43 slides",
  "authorId": "spirit",
  "authorName": "Spirit",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7744917,
  "pageNumber": 10,
  "pageCount": 43,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The slide uses a rhetorical question in the blue callout box to challenge the regulatory viability of the merger.",
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  "imagePath": null,
  "slideHref": "/slides/019de072-daab-71fa-9e0d-54796d84e17b/10",
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  "deckAnchorHref": "/decks/019de072-daab-71fa-9e0d-54796d84e17b#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.11,
        "w": 0.94,
        "x": 0.03,
        "y": 0.82
      },
      "kind": "callout",
      "text": "JetBlue has stated it will reduce capacity and raise fares on Spirit routes...how will regulators approve that transaction?",
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        "h": 0.65,
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        "x": 0.51,
        "y": 0.15
      },
      "kind": "chart",
      "text": "2019 Average Fare",
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        "h": 0.65,
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      },
      "kind": "chart",
      "text": "2019 Passenger Yield",
      "attrs": null,
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      "componentId": "c99e1412-ff20-480e-8a52-df6ebd9bc672",
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        "h": 0.06,
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        "x": 0.03,
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      "kind": "source-note",
      "text": "Source: Company filings. 1. 2019 Passenger Revenue / Revenue Passenger Miles. 2. Spirit and Frontier based on 2019 Fare Revenue Per Passenger and JetBlue based on disclosed 2019 Average Fare.",
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        "x": 0.14,
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      },
      "kind": "title",
      "text": "At Its Core, The JetBlue Proposal Represents a High-Fare Carrier Trying to Buy a Low-Fare Carrier",
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  "metrics": [],
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      "matchId": "3e21545e-8a66-4ad8-aa03-a8a897ce40f9",
      "evidence": "The slide frames JetBlue as a 'high-fare carrier' threatening the low-fare market.",
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      "beatId": "9ebeb0c3-92bb-433b-810f-95d0d3fbd956",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Complication",
      "beatSlug": "complication",
      "evidence": "The presentation highlights the complications and issues with JetBlue's offer, including its unrealistic regulatory analysis and anticompetitive nature.",
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      "confidence": 0.8,
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  "loops": [
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      "name": "Iceberg",
      "slug": "10-iceberg",
      "bestFor": "Consulting, complex problem solving, organizational change",
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      "evidence": "The presentation reveals the iceberg of issues with JetBlue's offer, including its anticompetitive nature and unrealistic regulatory analysis.",
      "position": 0,
      "objective": "What are the implications of JetBlue's offer?",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
      "confidence": 0.7,
      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
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  "locked": true
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