Valorem Research's Lionel Hutz provides his Spirit / JetBlue post-trial breakdown

Published: Dec. 20, 2023, 2:57 p.m.

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Lionel Hutz, Editor of the Valorem Research Newsletter on Substack, joins the podcast today to provide his Spirit / JetBlue post-trial breakdown.

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For more information about Valorem Research and to subscribe, please visit: https://www.valoremresearch.com/\\n\\nChapters:

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[0:00] Introduction + Episode sponsor: Alphasense

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[1:44] General takeaways from Spirit / JetBlue post-trial and post-trial briefs

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[7:56] DOJ\'s case, what citing of Philadelphia National and Baker Hughes cases as precedents means

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[13:17] Harm to local markets - thoughts on this framework as it applies to the bear case

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[16:04] JetBlue\'s "having it both ways" arguments and where Lionel thinks JetBlue scored points with their arguments

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[23:21] 51 presumptive markets and how they are relevant to this case + the government\'s skepticism of divestitures

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[33:20] How JetBlue and the government handled the expert witness, what deficiencies that JetBlue finds with the government witnesses

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[39:39] Government\'s points regarding the hot docs

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[42:40] How precedent being used to support both sides of the case

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[50:03] Evidence supporting JetBlue\'s position and evidence supporting DOJ\'s position

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[57:26] The fourth bear case on relevant markets

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[1:03:35] Timing on ruling

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[1:12:33] Legacy of the outcome for this case

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Today\'s episode is sponsored by: Alphasense

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