17 ms·
Let's Buy Spirit Air
- newuser94303 5mo agoIf the employees bought it, it would probably make more sense. Random people don't seem invested enough.
- anonymouscaller 5mo agoSeems like an interesting idea. Wish I could get some more information on who is behind this website for credibility purposes
- godzillabrennus 5mo agoLooks like an AI-generated site that says it's not for investment purposes but basically makes the case for investment... I'd run from this.
- kylecazar 5mo agoAverage pledge size is $666 (from 40k pledges). That strikes me as a lot. And obviously cursed.
- corvad 5mo agoI get the idea but this seems very much something not credible, like who's behind it, what are the guarantees, etc.
- tech234a 5mo agoIt seems to be an Instagram user: https://www.instagram.com/spiritair2.0/ https://www.instagram.com/spiritair2.0/ and his own account is https://www.instagram.com/hitherehunter/ https://www.instagram.com/hitherehunter/
- bhhaskin 5mo agoSounds like someone is selling securities without a license tbh.
- apublicfrog 5mo ago> Important Legal Notice: This is a non-binding pledge of intent. No money is collected at this stage. All references to profit-sharing, dividends, voting rights, and ownership are proposed concepts only — not confirmed arrangements. Nothing on this site constitutes a securities offering, investment contract, or financial instrument of any kind. The final cooperative structure must be reviewed and approved by qualified securities and aviation counsel. Participation does not guarantee ownership, financial return, or membership in any final entity. This is a movement, not an investment product. From skimming, I see at least 5 places where this is reiterated on the page.
- fny 5mo agoIt's also not a sale of any sort. They're asking for pledges and have an accredited investor question.
- burnt-resistor 5mo agoLLMs make time-sensitive frauds easier and faster to stand up to take money from idiots. I'm surprised they don't also include a team page with a bunch of ChatGPT-generated photographs of fresh-faced fake people to really sell it.
- amazingamazing 5mo ago> The only thing missing is ownership that answers to the people — not to shareholders. Noble, but this will fail. Why would anyone do this? No incentive. These sorts of initiatives forget the toil of actually operating a business. You might as well get more pledges given that you'd have more control and the same profit share. It will regress to the same as the status quo.
- corvad 5mo agoI'm not sure that's even noble as by buying you would be a shareholder...
- UqWBcuFx6NV4r 5mo agoYes. Reminds me of the “anarchists” that don’t realise that they just want to recreate the government but with their people in charge.
- mjevans 5mo agoSome of them want to create a monarchy with them in charge... Remember to be on the lookout for that trend too.
- danaw 5mo agoco-op: one member, one vote. members elect leadership with standard term limits. emphasis on services, price and patron returns. dividend according to use not capital investment. members have direct engagement in financials. public companies: votes scale with shares. large institutional investors and other large share holders have most say in leadership. emphasis on "shareholder value" (eg extractive value). dividends according to shares. shareholders have only limited visibility into finances. they're very different, concluding otherwise is misguided
- morkalork 5mo agoCo-ops don't exist at all, right?
- petra303 5mo ago[dead]
- thrill 5mo agoLet’s not.
- wewtyflakes 5mo agoMaybe it is better to let the airline that treats people like adversarial cattle to die; maybe it is a good signal that that is a bad business model.
- corvad 5mo agoYes, but also one less anything in a highly competitive industry is a bad thing overall. Not saying I think it's a good idea but I seem a grain of reasoning behind it however misleading it might be.
- alex43578 5mo agoIf the industry is already highly competitive, which the US airline market is by any measure, one more marginal carrier accounting for just 3% of passenger miles, makes very little difference.
- s5300 5mo ago[dead]
- amelius 5mo agoBut we can't just let the adversarial cattle get away with it.
- Teever 5mo agoI'm not American and I've never flown Spirit Air so can someone explain where all the loyalty to this airline is coming from? Like isn't this another big corp biting the dust?
- ceroxylon 5mo agoThey had affordable flights between places like LA and Vegas / Florida and Cancún so it became almost like a bus route for some people.
- icco 5mo agoIt and Frontier were the only affordable airlines.
- s0rce 5mo agoNot sure, maybe people like the underdog or just like the business model, you pay for what you get. I flew them a couple times and it wasn't great.
- loloquwowndueo 5mo agoNo, it’s a small corp biting the dust.
- pRusya 5mo agoIt had good departure times both mornings and evenings. And it was cheap, so you could book a next day flight without paying multiples in premium. It was fun and affordable to fly out of state in the morning, spend a day exploring another place and get back at night.
- soared 5mo agoFor clarity, absolutely nobody did or does this. Spirit is bottom of the barrel cheap - it made flying accessible for many people, who otherwise would not fly (think Ryan air). Absolutely nobody was interstate day tripping, especially on spirt, besides this poster.
- 5mo ago
- gordian-mind 5mo ago[dead]
- antoniojtorres 5mo agoRandom side note. Why do many of these (presumably) LLM stamped out sites have the same aesthetic where they all need a pulsating indicator at the top as if to indicate some sort of urgency aesthetic?
- grahamnorton39 5mo agoOr the thing where they have a bombastic display of numbers, rehashing either emphatically trivial information, or information presented elsewhere, as if they’re the most important figures in the universe. e.g. > *0* hedge fund owners. Zero or including the date Spirit collapsed (despite already mentioning it earlier on the page!). Why not also include “*6* letters in ‘Spirit’” while you’re at it?
- mplewis 5mo agoYou know the answer. An LLM wrote it.
- addandsubtract 5mo agoTemplates need to be filled. Breaking template rules requires actual thinking.
- tbrownaw 5mo agoBut without a sense of urgency the marks might stop to think first.
- danaw 5mo agoassuming it's an llm site, the implication here is some action needs to be taken before private equity buys it for scraps (inferred from the homepage copy) whether it's an llm, a template or bespoke made from bytecode doesn't really matter does it?
- sMarsIntruder 5mo agoI agree, but I started noticing the em-dash usage spike.
- vicchenai 5mo ago[dead]
- notepad0x90 5mo agoI could easily afford any of their competitors but I always picked Spirit airlines. The pricing makes sense, pay more if you need more things. I liked Spirit because it was more akin to riding the bus, I got treated well every time by their staff and the experience was fairly consistent. Other airlines also have cramped sits, what little they did better than Spirit isn't worth the price, and the experience was inconsistent: some times you'll get nice flight attendants, a comfy plane, and a good check-in/check-out, other times you didn't. can't plan around them. With Spirit I could plan around exactly how bad my experience would be reliably. Just about any inconvenience was some fee away to address it. Frontier was the cheap airline that just wasn't worth it. On the flip side, AA was overpriced with snobbish (just my experience, very limited) staff. Because it's a "cheap" airline, Spirit came with low expectations, and it only exceeded them to the most part. I shop at walmart compared to whole foods and other "better" chains for similar reasons. "great value" as walmart's motto goes, it isn't about the price, it's about the value you get for what you pay for. Spirit was the "great value" airline. I don't think this effort to buy it will prevail, I only wish the GME betters were in on this action. The airline's value hasn't gone away, similar to Gamestop. The people like it, the demand for it there, the airlines assets and staff haven't lost their value. I don't see how it isn't a good investment. This attempt to buy it is to little, too late. but if it came in actual stock purchase agreements, I'm down for it. But donating random cash to some site as a pledge, I don't know about that.
- thehappypm 5mo agoSpirit seemed to enjoy making their customers hate them. everyone who liked Spirit had to explain themselves (like you did) because their reputation was awful. It was a trainwreck of a brand.
- 0xbadcafebee 5mo agoThe only bad experience I ever had on Spirit was from their garbage passengers, never had a problem with the airline itself, flew them probably 20 times. But then again anecdotal evidence is also garbage, so who knows, maybe we were just lucky. Or maybe a vocal minority made it sound worse than it was.
- solomonb 5mo agoI have a pitch to buy American Spirits and American airlines to bring back smoking on airplanes. I would be happy to pivot to purchasing Spirit Air. https://cofree.coffee/~solomon/InhaleLabs_PitchDeck.pdf https://cofree.coffee/~solomon/InhaleLabs_PitchDeck.pdf
- swaits 5mo agoLet’s throw good money after bad!!! Brilliant.
- crooked-v 5mo agoI wonder how much money I could get from starting a Kickstarter to attempt to* buy up as much of Spirit as possible. *and fail to
- opengrass 5mo agoLooks like well-worded scam.
- alex43578 5mo agoLOL. Will this be the first AI-slop to earn an SEC investigation?
- dmitrygr 5mo agoSo many airline crashes were traced back to “poor company culture” by NTSB that I would never consider flying a company owned by random internet people. Having someone with a lot to lose in charge of things is a feature.
- deleted 5mo ago[deleted]
- wolftune 5mo agoSpirit was killed by illegal predatory pricing!! There's no reason the corporate criminals who do this stuff would go easy on competition run by different people. The answer is anti-trust enforcement (and related enforcing of the law) and much stronger regulation of businesses in general (if not outright public/government airlines) https://www.thebignewsletter.com/p/who-killed-spirit-airlines https://www.thebignewsletter.com/p/who-killed-spirit-airline...
- williamDafoe 5mo agoSpirit was run by orangutans who screwed anyone with a connecting flight half the time. EOT.
- drumttocs8 5mo agoSorry, why would I invest in a failed airline with an anonymous collective with no defined leadership? How could it do anything but fail?
- bombcar 5mo agoIt's almost always better to create a new airline ex-nihilo as you get brand new planes, which are better than older ones.
- fakedang 5mo agoGood luck trying to get any planes with the current backlog. Unless you enjoy flying in the 737 Max.
- bombcar 5mo agoWe'll call it Apple Air™ and the 737 Pro Max - 99% of our budget will be legal fees.
- toast0 5mo agoThe 737 MAX is fine enough. But it's not like you can order those for immediate delivery either. There's almost 5,000 pending orders, and Boeing can make on the order of 500 of them in a good year.
- ivraatiems 5mo agoThis is almost exactly the opposite of what most new airlines do. The fastest, cheapest way to get a good plane is to buy an old plane from an existing airline (preferably one going out of business, so you get a deal) and renovate it a little.
- reddalo 5mo agoRyanair is the best performing budget airline in Europe and they only buy new planes, because it's way cheaper to run them. Less time on land for maintenance = less wasted money.
- Nican 5mo agoI remember reading about how the major airlines now are more of a "bank that happens to have planes," due to the loyalty programs being worth significantly more than the airline. Delta Air Lines earned $8.2 billion from American Express in 2025, surpassing ticket sales revenue. [1] I primarily use my favorite's airlines credit card because it gives me perks such as priority seating, and free checked bags. I am pretty certain that the credit card fees (that is passed on to the merchant) does not come close to the value that I gain for my credit card loyalty. It is a stupid game that I am forced to play, because the credit cards also provide other benefits, such as fraud protection. I am wondering right now if "Spirit Air 2.0" even has a fighting chance if they are not able to subsidize operating costs by also being a credit card company. [1] https://www.thestreet.com/personal-finance/delta-air-lines-made-8-2-billion-from-your-credit-card-last-year https://www.thestreet.com/personal-finance/delta-air-lines-m...
- fluffyllemon 5mo ago> It is a stupid game that I am forced to play You are not forced to play it. That is a just story you tell yourself. You can make a different choice.
- oezi 5mo agoAll loyalty programs are stupid. People waste their time on 1-2% savings. It is insane.
- yolovoe 5mo agoThat's one free round trip international flight per year in a lot of cases. Plus sometimes other benefits like theft insurance, warranty extension, phone insurance, etc. You're subsidizing everyone else if you're not trying to get the best loyalty program.
- anematode 5mo ago> You're subsidizing everyone else if you're not trying to get the best loyalty program. Quite the mentality...
- rapatel0 5mo agoFundamental problem: Flights don't make money. Airlines actually make all of their money through loyalty programs and credit card payments. They basically should have turned into regulated utilities long ago, but loyalty program revenue saved them. Unless this initiative will turn into a credit card company (which nobody likes or wants to do) it won't go anywhere Private equity will likely sell the company for parts. There is no operational improvements for cash flow that they can do. Useful watch (skip to 2:20): https://youtu.be/ggUduBmvQ_4?si=cyysP7aH_CIEDZRq https://youtu.be/ggUduBmvQ_4?si=cyysP7aH_CIEDZRq
- gtowey 5mo agoOr they could actually charge ticket prices that cover the cost of doing business and stop treating their passengers like a it's a time-share sales pitch the whole way.
- lotsofpulp 5mo agoThey do, it’s just barely enough to cover the cost of doing business and volatility.
- acheron 5mo agoSounds like a good way to lose all your customers to the other airlines that charge less.
- AlexandrB 5mo agoYup, and this is exacerbated by how services like Google Flights work. There's little visibility into any kind of "quality" metric, but prices are always front and center. So why would you optimize based on anything else?
- asvitkine 5mo agoIf the lowest prices cause insolvency for the company, then let your competitors go bankrupt to win in the long run?
- zaptheimpaler 5mo agoAwesome, I hope we see a lot more of this. Co-ops do work, REI is one, Modo is another and we could have many more. Over and over again companies are slowly destroyed by extractive shareholders or PE firms, the current structure of a public company is not the only possible shape.
- smackeyacky 5mo agohttps://youtu.be/GbIimta-TJs?si=3Sm-Dgl8DtfubFSt https://youtu.be/GbIimta-TJs?si=3Sm-Dgl8DtfubFSt A period documentary about the Meridian Triumph motorcycles co op. Sad, thoughtful take on a particular bit of British manufacturing history. That the co op started with a strike, had to trade exclusively with a single customer, and that the senior workers became the managers they hated. Due to the structure of that co op there was no way for them to access the capital they needed to redevelop their products and it ended up in private hands as a result, leaving the workers with nothing. I don’t think I would wish a co op on anybody.
- zaptheimpaler 5mo agoThanks I will watch it, looks interesting. But i would say there's also a million documentaries, movies, news reports, examples and more about insane, evil, stupid shit that goes on in various corporations or how organizations turn to shit when acquired by PE as well. We know for example that cigarette companies knew their products caused cancer and other health problems for decades(!) while denying it publicly, and this is the bar regulators expect today - that they will do absolutely anything including letting people die through smoking or pollution or blocking access to healthcare to make a profit. So a co-op going poorly doesn't invalidate the concept.
- smackeyacky 5mo agoNo doubt there is evil in the corporate world. I do think there is something in that documentary that changed my mind about a few things. It might not be representative o today since we’re talking 1970s UK but thought provoking anyway.
- 5mo ago
- rootsudo 5mo agoIt’s kinda dumb. They don’t own any planes, and buying the spirit name means the bank/hesge fund gets paid because that’s probably the most valuable piece of property spirit has. The employees are all gone and shuttered, even if you go try to rehire them they are all jumping to any other company if they stayed to the end. The pilots and cabin crew lost seniority and you won’t be able to afford ALPA union pay or AFA pay. So while they somehow raised 26 million, it feels like a hollow gesture so that the creditors get paid but not really be realized into an actual airline with an AOC At 26 million raised it’s actually better to make a new airline and run it lean. Get a good route or two and it could work, but 26 million is lean but doable. The liquidators want to get spirt planes released asap.
- bombcar 5mo agoIt would be simpler to contract with Spirit Halloween to start a new airline.
- directevolve 5mo agoThey haven’t raised a cent. They’re asking for pledges, not actual cash contributions.
- cuuupid 5mo agoThis isn't really a scam because no money moves and this is non-binding. Here are a list of glaring issues I see here: 1) Pledges being non-binding means there is no proof of funds. This means they can't actually make an offer, presumably they will have to email everyone who pledged to put in cash and hope it resembles a solid offer. 2) How much is Spirit worth? Their market cap was ~50M a few days before they shut down. Where are we getting 1.75B$ from? 3) Since these are non-binding pledges I'm inclined to believe most of these numbers are bots / fake. Especially as accredited investors skew older and make up less than 1/5th of the population! 4) 666 is a very specific significant number for the average pledge size to consistently stay at. I've watched the number of patrons go up by thousands and yet the average pledge size stay the exact same. The total pledged is certainly fake as a result, although see [3] pretty sure these are all fake numbers. 5) You get nothing in return for your pledge and definitely nothing in return for your money. They go to great lengths to add disclaimers that everything is proposed and subject to change at their discretion. 6) Just like the entire site is AI slop, the disclaimers are too, not worded correctly like regular financial disclaimers, in many places not required and in other places not good enough. 7) They pretend to care a lot about disclaimers and legal verbiage yet there is no mention of the entity or who is working on this bid so missing the most basic mark when it comes to financial disclosure! 8) It says "Spirit didn't fail because people stopped flying. It failed because Wall Street loaded it with debt and extracted every dollar it could." This is just a lie, no matter how Wall Street trades your stock it doesn't affect your treasury. Spirit failed because of horrible financial mismanagement and both an inability to maintain solvency under operating costs (which rose even further recently due to jet fuel shortages) as well as an inability to secure a line of credit. Technically you could also blame their corporate strategy although this was pretty good with the Jet Blue merger, so blame here also lies directly with Elizabeth Warren and Ted Cruz (unlikely duo!) for championing blocking the merger. You can find this from a simple Google search or asking your AI of choice. 9) While we're on the subject of financial mismanagement, whoever wrote this clearly has not much idea of how the finances for something like this would work. _It's not just AI generated — it's AI slop._ 10) Whoever made this has no idea whether the assets are actually still there nor do we. Spirit may already be under binding agreements for asset sales. 11) Whoever wrote this also does not understand how companies run. First of all they think they are doing something revolutionary with equity, when almost every company has ESOPs/EIPs. Profit-sharing relative to ownership is also literally how shares work and Spirit already regularly paid these out prior to beginning their financial crisis. Every publicly traded company has open books and openly reports their financials each quarter. 12) "One member, one vote — your voice is equal regardless of pledge size." What incentive would anyone have for pledging more? Also, voice in what? Vote in what? 13) "No golden parachutes — executive pay capped at a fair ratio to median worker pay." First of all, this is not what a golden parachute is. Secondly, either the fair ratio will be ridiculous to allow properly compensating execs, or they will be underpaying by a large margin and find it difficult to get any proper execs in place. Then they can speedrun the last few years of mismanagement at Spirit. 14) "The cooperative model has worked: REI, Ocean Spray, Land O'Lakes, the Packers — all people-owned." These organizations all have well thought out models. This is not the same as AI slop. 15) "Private equity is already circling the wreckage." First of all, Spirit is freely undergoing an asset sale. Their operations etc. are shut down. Not only is this not appetizing to PE, but in general PE firms stay very far away from airlines which are famously low margin difficult to operate businesses with limited potential for growth once established. PE normally focuses on airports and airport services, neither of which Spirit has (their airport assets are limited to slots at LGA which are useless to anyone except airlines). The much more obvious buyer is other airlines looking to expand control and consolidate aircrafts. 16) It is common for a company facing insolvency to shut down, do an asset sale of expensive assets, and then come online in a much smaller form with remaining assets, funding itself with the sold off assets. I don't see why Spirit would not do the same thing, in which case even if a cooperative bid is put together it would be much weaker than disjoint buyers (e.g. Frontier and JetBlue separately buying some aircrafts). 17) Lastly whoever wrote this has absolutely no plan to deal with the high operating costs and failing industry here, which is really much more important than ownership incentive structures. No amount of kumbayah we're all in this together is going to drive jet fuel prices down or change the economics of commercial aviation.
- SamDc73 5mo ago[dead]
- consumer451 5mo ago> if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down. The airline industry’s demand for capital ever since that first flight has been insatiable. - Warren Buffett (Comedian)
- bombcar 5mo agoletsnotandsaywedid.net
- wonnage 5mo agoKinda sketchy that all of the base stats are hardcoded in the JS (foundingPatrons is 36605, totalPledged is 22816377). Then it fetches some "live" stats and adds values to that.
- roshin 5mo agoI was okay with most of the skimping with spirit airways, but what really annoyed me was their delays. I can plan ahead not to bring luggage and to sit cramped. But arriving at my destination 5 hours later was a deal breaker for me. I don't know if there are statistics for how delayed they are vs competitors, but after my second flight with them, I decided to fly with airlines that are more punctual.
- ninjalanternshk 5mo agoLooks like Spirit is #5 out of 21 for most on-time flights, so, top 20%. https://www.reddit.com/r/charts/comments/1psiwws/us_airlines_ranked_from_best_to_worst_for_ontime/ https://www.reddit.com/r/charts/comments/1psiwws/us_airlines...
- ab_testing 5mo agoI am not sure what the site intends to do, but doesn’t spirit have eight billion in debt with about one billion in payments due immediately. The planes and other assets belong to the debt holders. Unless this site plans to raise a couple of billion, I don’t think they are buying any airline .
- lefrenchy 5mo agoCan someone help me understand the argument that the FTC blocking the merger was bad? The argument I have seen is that blocking it resulted in Spirit dying and people losing their jobs and there being less competition. Wouldn’t the same exact thing have happened regardless? Am i supposed to believe that Jet Blue would have kept all of those employees? There would be one less competitor anyway, and in the merger case they’re even more powerful now meaning competing is harder. It seems to me it’s just that creditors want to be paid out by a merger rather than paid our for cents on the dollar when it died on it’s own.
- midnitewarrior 5mo agoThe straw that broke the camel's back is the fuel spike due to the Iran War. That drained the remaining liquidity. No idea if the extra time "normal" fuel prices would have allowed Spirit to find a way to stay afloat, but the fuel price spike stole any time they had to figure it out.
- deleted 5mo ago[deleted]
- sephamorr 5mo agoJetBlue is a small rival (JetBlue at ~5% of US traffic, Spirit at ~3%) to the big 4 United/American/Southwest/Delta (each with ~17%). At least on the surface, a larger JetBlue might be more competitive rather than forcing them into the unequal partnerships like they have with United at the moment. Certainly, some jobs would be lost, but I do think that Spirit dying is a worse outcome than joining another small airline.
- tbrownaw 5mo agoA merger would be more orderly, especially if overall capacity only needed to go down by part of what's in the chunk being cut out.
- mlmonkey 5mo agoI'm wondering why an airline like Ryan Air (which is similar in spirit to Spirit Air) didn't buy them out ...?
- abacadaba 5mo agoi got 5 on it
- glass1122 5mo ago[dead]
- washingupliquid 5mo agoThis is reminiscent of the CHAZ takeover in Seattle when the protesters planted like 4 potatoes in a urine-soaked park and called it "the People's Garden" or whatever. Spirit was an objectively terrible airline. Their business model failed. They folded. The end. This is why you can't fly Braniff or Southern Airways anymore in 2026. Failed businesses go under, they don't live on in perpetuity.
- exabrial 5mo ago[flagged]
- mohamedkoubaa 5mo agoWe are just not a serious country anymore are we
- neilfrndes 5mo agoTangential. If you're interested in the history of airlines and the intense power struggles, I highly recommend the book Hard Landing: The Epic Contest for Power and Profits That Plunged the Airlines Into Chaos by Thomas Petzinger Jr.
- BoorishBears 5mo agoI was looking into Spirit's bankruptcy(s) and it's really fascinating. One of the creditors that piloted their exit from the first bankruptcy also provided on $80M out of a $270M line of credit secured by assets Spirit needed to survive (an RCF was backed by their right to take-off and land at LGA amoungst other thinfs) 1 week before the 2nd bankruptcy, Spirit drew against the entirety of that line of credit. During the 2nd bankruptcy, besides rolling large amounts the debt owed to them from the 1st bankruptcy (so Spirit would need to pay it back before other creditors), they had the proceeds of plane sales go towards... interest payments on their RCF and paying back additional financing from the 2nd bankruptcy. The creditors leading the 2nd bankruptcy also sold the lease to Spirit's largest hangar on April 2nd, but did a similar thing again: instead of the cash going towards operations, it went to the creditors who'd led both bankruptcies. - Seeing as they refused the government's bailout, I'm guessing this is doomed as well, but interesting stuff for a non-finance person
- brianbest101 5mo ago[dead]
- johnnyApplePRNG 5mo agoThis REEKS of /r/wallstreetbets manipulation... I vote to remove it entirely. Nobody is buying spirit air... a bunch of gamblers just want to pump the price monday morning.
- danaw 5mo agodevils advocate with no skin in the game: they're not taking any money, just "pledges". if it were a scam why not take a "pledge fee" of some kind?
- johnnyApplePRNG 5mo agoTo give the guise of "serious investment about to take the company back towards a course of profitability and numba go up" of course.
- burnt-resistor 5mo agoIf business people couldn't run it as a business, what hope do a bunch of random fools on the internet have? Plus, it's a carbon-polluting business that props up dirty, corrupt petrochem industries and regimes. Let it die.
- tyjkot 5mo agoFeels scammy… that’s all I’ve got to say.
- president_zippy 5mo agoThere's a crucial flaw in the dishonest "story" on this little web page of the Green Bay Packers being owned by the public: that "stock" is just a novelty piece of paper that carries no entitlement to a equity in a company. When the Packers upgrade their stadium and charge higher prices for tickets, I can promise you that they won't use the profits to buy back your shares or pay you a dividend.
- happyopossum 5mo ago“It failed because Wall Street loaded it with debt” Bullhockey. Wall Street doesn’t assign debt. Poor management and bad risk-assessment leads to assuming bad debt. This is like saying it’s the car’s fault that you drove to work today…
- csallen 5mo ago[flagged]
- brendanjbond 5mo agoCare to elaborate with some evidence that this statement is "mindless populist drivel?"
- NetMageSCW 5mo ago“Wall Street” doesn’t load companies with debt or extract value from anything.
- csallen 5mo agoThe website tries to paint Spirit as some sort scandal where greedy traders drove it into the ground. Most of Spirit's debt was for financing expensive planes and surviving the pandemic. Literally every airline borrowed to survive the pandemic. Spirit has an ultra thin margin business, trying to compete on price, flying competitive routes, in an industry already known for losing money. To my knowledge, there was no Wall Street villain here, and the creator of this page just inserted this sentence to arouse populist sentiment, because he/she knows a certain % of the population is primed to unthinkingly accept any narrative that the 1% have ruined something for the 99%.
- meltyness 5mo agoLet's see the pool's at $88M with $670 average buy-in, so each of the 132k buyers will owe $15,000-$60,000 of outstanding debt so they can support solvency and to keep airline prices down, and become buyers in the not particularly exciting and highly regulated, volatile capex and opex expensive, fuel consuming and definitely not particularly environmentally friendly, with much larger competitors passenger air transport industry. What an opportunity!
- theYipster 5mo ago[flagged]
- dukeofdoom 5mo agoThe "Butthurt" airline, where you fly once remember for a life time. I still remember how much my ass hurt sitting in their seats, and it's been a decade.
- mrcwinn 5mo agoPlease be sure to start a second site that raises money to bail out the first site.
- pm90 5mo agoThe real solution should be a massive intercity bullet train program that connects major transit hubs, like the interstate highway buildout. The massive infrastructure spend would kickstart the US economy and provide thousands of jobs.
- bravoetch 5mo agoWhy do people want to generate jobs? I'd rather generate a jobless utopia where we all do art.
- brookst 5mo agoCheck out the etymology of “utopia”
- HWR_14 5mo agoBecause today the options are "jobs exist" or "people starve in the street".
- Jtarii 5mo agoHate to break it to you but the average guy that does manual labour would more likely become a criminal than a musician if you deleted his job. What's that saying about idle hands. Jobs root people to their communities and give them purpose in life.
- ksherlock 5mo agoScenario: It's Friday night. You don't have to work tomorrow. Are you more likely to pull out your hammer and chisel and work on a classical marble sculpture -or- get shit faced at a dive bar? Hey, maybe the vomit splatters will evoke Jackson Pollock!
- tbrownaw 5mo agoThis, um, seems kinda sus. An obvious AI-generated site trying to raise money for something implausible?
- Vaslo 5mo agoWe can barely make an mmo with a bunch of kickstarters who threw in 50 bucks 5 years ago complaining about “the excessive money they laid out” squeaky wheeling the games to death, this is going to be even worse. Great idea in theory but…
- hellojimbo 5mo agowhy not just start your own airline instead of buying one that is dysfunctional and losing money
- danaw 5mo agobecause airplanes, routes, employees, pilots etc arent exactly easy to come by without a whole lot more time and capital expenditure
- Ekaros 5mo agoIn current era of regulation for starting airline is huge amount of paperwork. All sorts of permits, plans, filed documents and so on. So much so that just buying parts from collapsed one is cheaper option.
- testemailfordg2 5mo agoA similar large scale success in India decades ago:- AMUL is an Indian multinational dairy cooperative, founded on 19 December 1946. With a turnover of US$6.2 billion (2022) and 3.6 million farmer-members, it is the world's largest dairy cooperative and a household name for milk and milk products across India. The cooperative was born out of exploitation: farmers in Kheda, Gujarat, were forced to supply milk to Polson Dairy, which held a monopoly and paid farmers unfairly through commission-taking agents. AMUL returns 85% of every rupee earned back to farmers — far above the global average of 33% — and procures milk at rates 15–20% higher than private dairies. AMUL's democratic governance ensures farmers elect board members who represent their interests, and the Managing Director of each unit is appointed by this farmer-led board — not the state government — preventing political interference and corruption. AMUL demonstrates how a business can achieve large-scale commercial success while prioritising social justice and environmental care — through collective ownership, democratic governance, equitable profit-sharing, and community investment — offering a powerful model for cooperatives worldwide.
- veltas 5mo ago> PROPOSED ONLY: Profit shares would scale with pledge amount under the proposed structure. This is not a confirmed financial instrument. Nothing here constitutes an offer of securities. There's no way they could get away with something significantly different, right? Like anything else they'd just be liable for being sued?
- CWwdcdk7h 5mo agoI guess Spirit will have most of assets liquidated before site author even finds a way to actually accept payments, and SEC won't care until that happens, it is too crazy even to waste time on investigating it.
- shevy-java 5mo agoThe orange king is incompetent on just about every level, save for his cronies pocketing away money into private pockets. You have to ask the people who voted for him why they support this.
- divbzero 5mo ago> The only thing missing is ownership that answers to the people — not to shareholders. To be clear, the proposed Spirit Air 2.0 would also be answerable to shareholders. A structural difference is that each shareholder would have one vote regardless of capital contribution. But the real substantive difference is the spirit of what they’re fighting for: worker ownership, affordable fares, transparent operations, no golden parachutes, etc.
- anovikov 5mo agoIt's a lot simpler. They were providing cheapest service in the era when almost 50% of spending is from top 10% consumers. Inequality made no-frills model unprofitable, no airline without a good premium product and good public image is viable today.
- williamDafoe 5mo agoWhat a foolish mistake! On Our maiden voyage aboard spirit, they dumped us halfway home, in las vegas. No compensation, no meal voucher, no overnight accomodation - they just DUMPED US (along with 30 other connecting passengers). Spirit seems incapable of holding a flight even 5 mins for connecting passengers delayed via spirit's incompetence! We saw them slam the door 50FT away to our connecting plane as we got off our plane. We watched in horror - our faces against the airport glass - as our next-leg pilot looked up at us and sat on the tarmac 30ft away doing NOTHING for 20 minutes as Spirit told us "nothing could be done" and "you missed your connecting flight" and "see the agent to get DUMPED AND NOTHING, later".
- jumperabg 5mo agoInteresting, what will happen to the current planes and crews, why would I want to invest and bring back Spirit?
- ho_schi 5mo agoReading from Wikipedia Spirit sounds like a horrible low-cost Airline like Ryanair. Why should we rescue something which hurts employees and passengers? If it would be TWA or PanAm my reaction would be positive.
- danelski 5mo agoMany people, myself included, will gladly be 'hurt' on a 2-3 hour flight, if that means we can save some noticeable amount of money on the fare.
- solumos 5mo ago“Horrible” and “low cost” are contradictory for many consumers
- extraduder_ire 5mo agoThe "low cost" in Ultra-Low-Cost-Carrier refers to the operating costs to the company, not the cost they charge for goods and services. Though they usually come in tandem.
- westmeal 5mo agoHow much you wanna bet they're going to take the money and run lol
- fragmede 5mo agoThey're not taking money, people are pledging it.
- deleted 5mo ago[deleted]
- metalman 5mo ago100% guarantee of years of uncertainty, so any large venture built on disposable income is a non starter. The Cruise Ship industry is precarious, and with a hanta virus outbreak on one ship pointing to just how shoddy the whole thing needs to be for profit, a surge of sick ships is likely. Fuel for planes and ships could cost much more, and then become unavailible in certain locations, which would be part of the recipie for a full crisis involving a sick ship or resort, some small country refusing (legitametly) a quarantiened ship, whatever scenario, the point is that running these huge tourist operations requires significant EXCESS capacity, not missing pieces and ultra slim margins.
- Rover222 5mo agoIsn’t Elizabeth Warren the one who famously killed the merger a couple years ago that would have saved the company? Warren and Sanders are just reflexively against big businesses.
- ninkendo 5mo ago> that would have saved the company? Why is this automatically the case? Here, let me try: She killed a merger a couple years ago that would have ended up with the shutdown of both companies, now we at least have Jet Blue intact. Both of our statements are equally speculative. A more honest prediction: Merging Spirit and JetBlue would have resulted in the combined airline going bankrupt anyway, but it would have been too big to let fail so they would’ve been bailed out. And the taxpayer would be propping up yet more failed companies.
- ericlee123131 5mo ago[dead]
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- Dutchless 5mo agoTry connecting with the tribal nations!! I'm sure some of them would love to have an opportunity to work on this effort with you!
- Dutchless 5mo agoWhy not hooking up with a tribal Nations!? I am sure the indigenous nations would be more than excited to help get get a airline back to the people
- joshstrange 5mo ago[dead]
- samagragune 5mo ago[flagged]
- LetsGetTechnicl 5mo agoWhy don't we have a nationalized airline
- skarz 5mo agoIs this real? I examined to their source code and found an exposed TypeScript RPC which indicates the following: totalMembers: 4954 totalPledged: 5678872 averagePledge: 1146.320549 However the numbers on the website appear to be hardcoded in with very dramatically different numbers.
- Boss0565 5mo agoThis is vibe coded as fuck and anyone can submit a pledge, so no
- jermberj 5mo agoYeah, I'm starting wonder if this is bs. They don't have a twitter account like the pledge form indicates. The youtuber that purportedly started the campaign only has like 36k subscribers, so it's not clear where such a high level of pledges would be coming from and the rpc endpoint response vs page count is pretty suspicious.
- skarz 5mo ago[dead]
- phcreery 5mo agohttps://letsbuyspiritair.com/api/trpc/publicStats.get https://letsbuyspiritair.com/api/trpc/publicStats.get
- KaiserPro 5mo ago[dead]
- joeblogsmomma 5mo agoTiktok weirdo doing this for clout and popularity feel for the people and families effected by spirit shutting down, the communities and local economies. Why can't people donate directly to those who need then pledge "theoretical money" for clicks.
- warbaker 5mo agoThis is one of the worst ideas I have ever heard.
- chrisss395 5mo agoInteresting idea as someone who spent a lot of my career in aerospace and airlines. If I were running the transformation my initial shortlist would be: 1) Revenue/Route management: re-think the routes with a ruthless focus on sustainable routes with defensible margins. 2) Customer experience and Brand: being an LCC can't come at the expense of customers, i.e., the fare is so cheap we get to treat you like shit. 3) Capital-structure & cost base: you need to right-size the debt, fix liquidity, and ensure you have a durable cost structure (fuel-risk management, etc.)
- tasuki 5mo ago[dead]
- xenadu02 5mo agoSpirit has filed bankruptcy twice in the past year. Bondholders aren't going to accept any purchase plan unless the buyer is going to vastly overpay. They probably believe they'll get more money back from selling the aircraft. If American or United want a new airplane they place an order and wait 5 or more years for delivery. No airline has excess airplanes available to take new routes. They are so expensive just a handful being idle (outside of expected maintenance winodws) would erase all profit. That means if there is a new opportunity it can take a very long time to go after it. Airlines from around the world will line up to buy every single one of Spirit's airplanes because it means they can have one _today_. A few might even pay premium prices for them. Airlines are a cyclical business. Boeing and Airbus gobble up every spare dollar on the back end and customer pressure eats up the front end. Then you're subject to all sorts of random shocks outside your control without much ability to adjust your fixed costs. A difficult business to be in.
- arjunthazhath 5mo agoAirlines aren’t really selling flights anymore—they’re selling financial products and using seats as the funnel.
- lecho 5mo ago[dead]
- lecho 5mo ago[dead]