This process may seem ugly, but just like biological death is necessary for an ecosystem, this sort of death/restructuring is essential for capitalist economies. Assets and capital get reallocated to better uses. It's all part of the circle of life.
I am so grateful for this announcement. In a time when gas prices are high, Spirit should be the kind of capitalist example that dominates. Instead, it goes bankrupt despite the President trying to nationalize it. Thanks be to the God of money.
Good. They treated their customers terribly and actions have consequences. I was double charged for a flight and they just refused to acknowledge it until I charged back, after which I assume they banned me.
It’s strange to see so many commenters celebrating the death of a company and the loss of so many jobs.
I flew Spirit a few times. The first time sucked because it was an emergency and I had no other option. The last few flights were great. We got the large seats up front for $75 extra. That plus parking at SJC was still cheaper than flying Southwest out of OAK.
The staff were friendly, and the gate was conveniently across from a lounge, so we had a truly great experience for those couple flights to Dallas.
Enjoying Spirit Airlines a-la-cart benefits is like enjoying the extra features in an Android phone or using a car to get somewhere quickly instead of waiting around for public transit. If you aren't showing the worlds that you can afford to go without, you aren't upper class.
Jet Blue was for the merger, but Elizabeth Warren and Sean Duffy were against it. That's not a balance sheet problem, it's a problem of not pleasing the people in power.
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[ 3.1 ms ] story [ 39.0 ms ] threadThe market should decide and determines winners and losers, not the government.
So compete.
> To our Guests: all flights have been cancelled, and customer service is no longer available
That seems quite a bit stronger than “winding down”!
I flew Spirit a few times. The first time sucked because it was an emergency and I had no other option. The last few flights were great. We got the large seats up front for $75 extra. That plus parking at SJC was still cheaper than flying Southwest out of OAK.
The staff were friendly, and the gate was conveniently across from a lounge, so we had a truly great experience for those couple flights to Dallas.
Enjoying Spirit Airlines a-la-cart benefits is like enjoying the extra features in an Android phone or using a car to get somewhere quickly instead of waiting around for public transit. If you aren't showing the worlds that you can afford to go without, you aren't upper class.
Took their profits and ran to other low cost airlines like frontier to make them ultra low cost per friends in the industry.
Spirit tried to merge a few times but failed due to their balance sheets. Then bankruptcy protections.
Follow the price of oil and airlines run into issues during those times when it goes above $100.