this post was submitted on 05 May 2026
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Spirit Airlines apologized to the American public during a last minute bankruptcy hearing Tuesday morning just days after its shock shutdown.

The budget-friendly airline shut down with immediate effect Saturday, impacting thousands of passengers who became stranded and nearly as many employees.

Marshall Huebner, an attorney for the former airline, took the stand in front of Judge Sean H. Lane in a White Plains, New York, courtroom to discuss the hardship it encountered that led to its shutdown, including a dramatic rise in fuel prices resulting from the U.S. and Israel's war with Iran.

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[–] ceenote@lemmy.world 73 points 1 week ago* (last edited 1 week ago) (5 children)

Clearly they should have rebranded themselves "Spirit AI" for an influx of investor cash.

[–] cheese_greater@lemmy.world 18 points 1 week ago* (last edited 1 week ago)

SPIRaiT aiRLINERS

spirAIt AIrliners

[–] TheTechnician27@lemmy.world 8 points 1 week ago* (last edited 1 week ago)

They couldn't due to the brand being held by Spirit Halloween.

[–] JoeBigelow@lemmy.ca 4 points 1 week ago

That's only for sneaker companies

[–] santa@sh.itjust.works 1 points 1 week ago

Iran Spirit

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[–] spaghettiwestern@sh.itjust.works 56 points 1 week ago (3 children)

The canary in the coal mine.

[–] Pickleideas@lemmy.world 20 points 1 week ago* (last edited 1 week ago) (8 children)

Editing to reword this since a lot of people who've read this have an elementary school reading level or are intentionally misunderstanding the point repeatedly:

The minumum wage needs to be tied to a living wage. No company that can't pay their employees a living wage has a special divine right to exist. Increasing the minumum wage will hurt some people—mostly the rich, but this will absolutely hurt some poor people too. There's no economic policy that will have zero consequences for people at the bottom. We've seen in the past that exploitative companies go under when wages increase and I think that's actually a good thing & I'd love to see many employers and landlords lose their wealth. Our goal as a society shouldn't be to increase jobs and profits numbers, but to strive to increase the quality of living for everyone, especially those near the economic bottom.

H̶o̶t̶ t̶a̶k̶e̶, b̶u̶t̶ I̶ t̶h̶i̶n̶k̶ a̶ m̶a̶s̶s̶i̶v̶e̶ r̶e̶s̶e̶s̶s̶i̶o̶n̶ w̶o̶u̶l̶d̶ u̶l̶t̶i̶m̶a̶t̶e̶l̶y̶ b̶e̶ g̶o̶o̶d̶ f̶o̶r̶ t̶h̶e̶ a̶v̶e̶r̶a̶g̶e̶ p̶e̶r̶s̶o̶n̶ i̶n̶ t̶h̶e̶ l̶o̶n̶g̶ r̶u̶n̶—e̶s̶p̶e̶c̶i̶a̶l̶l̶y̶ c̶o̶u̶p̶l̶e̶d̶ w̶i̶t̶h̶ a̶ m̶i̶n̶u̶m̶u̶m̶ w̶a̶g̶e̶ i̶n̶c̶r̶e̶a̶s̶e̶. I̶'m̶ s̶o̶ t̶i̶r̶e̶d̶ o̶f̶ b̶u̶s̶i̶n̶e̶s̶s̶e̶s̶ a̶n̶d̶ p̶o̶l̶i̶t̶i̶c̶i̶a̶n̶s̶ b̶r̶a̶g̶g̶i̶n̶g̶ a̶b̶o̶u̶t̶ j̶o̶b̶ c̶r̶e̶a̶t̶i̶o̶n̶. A̶l̶m̶o̶s̶t̶ e̶v̶e̶r̶y̶o̶n̶e̶ I̶ k̶n̶o̶w̶ w̶o̶r̶k̶s̶ 5̶0̶+̶ h̶o̶u̶r̶s̶ a̶ w̶e̶e̶k̶ j̶u̶s̶t̶ t̶o̶ m̶a̶k̶e̶ i̶t̶ b̶y̶. W̶h̶a̶t̶ w̶e̶ n̶e̶e̶d̶ i̶s̶n̶'t̶ m̶o̶r̶e̶ j̶o̶b̶s̶, w̶e̶ n̶e̶e̶d̶ b̶u̶s̶i̶n̶e̶s̶s̶e̶s̶ t̶o̶ c̶l̶o̶s̶e̶ d̶o̶w̶n̶ i̶f̶ t̶h̶e̶ o̶n̶l̶y̶ w̶a̶y̶ t̶h̶e̶y̶ c̶a̶n̶ a̶f̶f̶o̶r̶d̶ t̶o̶ s̶t̶a̶y̶ o̶p̶e̶n̶ i̶s̶ s̶t̶a̶r̶v̶i̶n̶g̶ t̶h̶e̶i̶r̶ e̶m̶p̶l̶o̶y̶e̶e̶s̶.

[–] spaghettiwestern@sh.itjust.works 17 points 1 week ago* (last edited 1 week ago) (2 children)

You think it will help? The first thing that'll happen when a recession hits is people will be laid off en mass and there will be no jobs available to apply for. It will take months or years for things to get better, and if AI starts replacing people it will take even longer.

I think the "stable genius" has already caused a massive recession. We are just seeing the first signs of it but it's not something to look forward to. It will cause widespread misery before anything improves.

[–] Joeffect@lemmy.world 6 points 1 week ago

2008 never actually ended that while thing just kept getting pushed back by all the bullshit that's been happening and ever since shit has just gotten worse. Civid helped people with the free money but that only made things worse. The current ai bubble is what is holding whatever is left up. And this "war" is just compounding everything even more.

[–] SaveTheTuaHawk@lemmy.ca 3 points 1 week ago

Before you blame everything on one guy, let's not forget the US government is 435 in Congress, 100 in Senate, and 4/10 think POTUS is doing a great job and 90 million don't want to be in a democracy and do not participate.

It's as if maybe the real problem is not one guy, it's as if maybe the real problem is a country that only cares about a quick buck.

[–] TropicalDingdong@lemmy.world 11 points 1 week ago

Who are you? Alan fucking Greenspan?

[–] someguy3@lemmy.world 8 points 1 week ago

Wages go up when there's worker scarcity, not when there's worker surplus.

[–] TheTechnician27@lemmy.world 6 points 1 week ago* (last edited 1 week ago) (5 children)

"Hot take, but I hope to see the lives of millions of innocents ruined via means I can't even spell because I lack the basic empathy to understand what true financial struggle is and would probably be basically fine. I am a very smart accelerationist."

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[–] trackball_fetish@lemmy.wtf 5 points 1 week ago* (last edited 1 week ago)

I think a massive resession would ultimately be good for the average person in the long run

Future generations? Sure. Present day citizens? No. We just last year gained some progress from 2008.

especially coupled with a minumum wage increase.

If we're ever able to see a wage increase (lol) I can tell you without a doubt it's not during a recession or afterwards.

I'm so tired of businesses and politicians bragging about job creation. Almost everyone I know works 50+ hours a week just to make it by. What we need isn't more jobs, we need businesses to close down if the only way they can afford to stay open is starving their employees.

I mean sure. But do know rich people will be fine. The rest of us will be homeless. You'd think that there would be a need to fill the void, but rich people do not care.

[–] TheJesusaurus@piefed.ca 3 points 1 week ago* (last edited 1 week ago)

Maybe it'd be better for our great grandchildren (admittedly, a very worthy goal if we could be sure). I doubt it's going to make things better for anyone alive on this planet right now.

Edit: when I say anyone, I of course mean you and I and our friends and families. There will be people getting rich but I don't think they're like us

[–] Crackhappy@lemmy.world 3 points 1 week ago (1 children)

To be clear, I think you're missing the point entirely. The entire US economy is about to be in freefall.

[–] SaveTheTuaHawk@lemmy.ca 4 points 1 week ago (1 children)
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[–] redsand@infosec.pub 3 points 1 week ago

This points anywhere IS the recession. What you're about to experience will be at best a depression or the 4th collapse.

[–] sp3ctr4l@lemmy.dbzer0.com 3 points 1 week ago

You could maybe say they gave up the ghost.

[–] Crackhappy@lemmy.world 1 points 1 week ago (1 children)

My wife and I have been buying seedlings like mad. Also bought a lot of ammo.

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[–] TropicalDingdong@lemmy.world 15 points 1 week ago* (last edited 1 week ago) (1 children)

Any one else going to go as sexy bankrupt airline for Halloween?

[–] BigBrownDog@lemmy.world 3 points 1 week ago (1 children)

I'm going as the ghost of airlines past.

[–] grue@lemmy.world 4 points 1 week ago

Stupid sexy Concorde.

[–] BarneyPiccolo@lemmy.cafe 13 points 1 week ago* (last edited 1 week ago) (5 children)

Frankly, I'm surprised it took this long. Like most of America, they've been paycheck to paycheck for a long time, just waiting for that inevitable disaster that makes them homeless, and it finally happened.

High gas prices are going to destroy a lot of companies, and a lot of lives. Gas was $2.79 on the day they started bombing. It was $4.59 yesterday.

We have reached the stage where they simply don't care if it hurts us.

The next stage will be inflicting pain on us to make us submit.

Then it we'll move to the stage where they inflict pain, just because it's entertaining.

[–] Joelk111@lemmy.world 2 points 1 week ago

Crazy how Biden is still making gas prices go up so long after he left office.

I would hope it's obvious, but /s.

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[–] y0kai@lemmy.dbzer0.com 12 points 1 week ago (1 children)

lol

i don't think there are any airlines (other than southwest) that have managed to turn a profit without at least one bankruptcy

[–] cheese_greater@lemmy.world 6 points 1 week ago

Do you believe in life after bankruptcy?

[–] lemmyng@lemmy.world 12 points 1 week ago (1 children)

I'd accept an apology for being subjected to flying on one of their planes.

[–] BigBrownDog@lemmy.world 8 points 1 week ago

Goodbyes are free, but apologies cost $39 and are payable at the gate.

[–] Kazel@lemmy.dbzer0.com 8 points 1 week ago* (last edited 1 week ago) (1 children)

Sorry but Kenneth Cordele Griffin from Citadel, who lied to congress under oath, and who throws bedposts at his ex-wife, needed a little bailout. You know: Just one more day. We are coming for you Kenny

[–] regedit@lemmy.zip 3 points 1 week ago

Hope that dude gets sucked into a jet engine!

[–] JargonWagon@lemmy.world 8 points 1 week ago (3 children)

Everytime I've been hearing about Spirit Airlines lately, I hear about how this guy trying to rally people to pledge money to buy Spirit Airlines in the hopes of making it community-owned. The problem is, according to their website:

"PROPORTIONAL PROFIT SHARES

Under the proposed Spirit 2.0 cooperative structure, profit-sharing distributions would be allocated proportionally to pledge amount. This is a proposed model only — not a confirmed financial arrangement. The final structure must be reviewed and approved by qualified securities counsel before any binding commitments are made.

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."

So while I want to see them convert Spirit Airlines into a community-owned airline business (which would be amazing), I need to see this as a confirmed structure first. I can't shake the feeling that maybe they would steal all the pledge money and then keep it privatized.

Maybe I'm being too skeptical, idk.

[–] frongt@lemmy.zip 6 points 1 week ago (1 children)

They're not actually taking any money yet.

[–] JargonWagon@lemmy.world 3 points 1 week ago

This is a good point:

"This is a non-binding pledge of intent only. No funds are collected at this stage. This is not a securities offering, investment contract, or financial instrument. Any references to profit-sharing, dividends, or ownership are proposed concepts only — not confirmed arrangements. The final cooperative structure must be reviewed and approved by qualified securities and aviation counsel before any binding commitments are made. Participation does not guarantee ownership, financial return, or membership in any final entity."

Still though, I worry that a lot of people are going to be tricked into thinking it'll be one thing, give money (once they're actually taking money), and be deceived. Keeping my eye out, just in case, and hopefully others are keeping an eye on it, too.

If they do solidify it being owned by the people like how they're advertising, that's awesome and I'm in.

[–] Skylordd78@lemmy.zip 5 points 1 week ago* (last edited 1 week ago)

When I went to pledge I didn't even have to put a card in, right now I think its just asking "if we get far enough can we count on you to finish this?"

[–] Crackhappy@lemmy.world 2 points 1 week ago

Sell it to Winco. See what they do with it.

[–] Astronut@lemmy.zip 6 points 1 week ago (1 children)

Damn it, I never got to fly on it! Then again, I haven’t been on an airplane since 1977 so….

[–] BigBrownDog@lemmy.world 5 points 1 week ago (1 children)
[–] Astronut@lemmy.zip 4 points 1 week ago

Well I said it in an even matter!

[–] CoolCat@lemmy.world 5 points 1 week ago

Let's buy and nationalize Spirit Airlines, together!

https://letsbuyspiritair.com/

[–] SCmSTR@lemmy.blahaj.zone 4 points 1 week ago

Huh. That can't be good...

[–] CubitOom@infosec.pub 3 points 1 week ago

So Long, and Thanks for All the Fish

[–] melsaskca@lemmy.ca 2 points 1 week ago

Hey! None of the other banks, other airlines, or other car companies ever said sorry when they were bailed out! Those ingrates.

[–] Mwa@thelemmy.club 1 points 1 week ago* (last edited 1 week ago)

they finally kicked the bucket,rip ig.

[–] boogiebored@lemmy.world 1 points 1 week ago
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