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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 43 slides",
  "authorId": "spirit",
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  "presentationDate": "2022-05-01 00:00:00",
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      "text": "JetBlue's Misleading Math",
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      "text": "Source: Capital IQ, Company Filings. 1. Market data as of May 20, 2022. 2. Illustrative share price calculated as each respective P/E ratio multiplied by 2024E Spirit net income.",
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      "kind": "title",
      "text": "In Fact, Airline Industry Recovery Would Deliver Shareholder Value Far in Excess of JetBlue Offer...",
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      "evidence": "The presentation highlights the cost of inaction, including the potential loss of value for Spirit shareholders.",
      "position": 1,
      "objective": "What is the cost of not accepting the Frontier merger?",
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