> 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?

I 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.

Interesting, what will happen to the current planes and crews, why would I want to invest and bring back Spirit?

If the employees bought it, it would probably make more sense. Random people don't seem invested enough.

Tangential. 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.

“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…

I'm wondering why an airline like Ryan Air (which is similar in spirit to Spirit Air) didn't buy them out ...?

This 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.

This 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.