561–570 of 628 posts
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.
devils 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?
Is 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.
Is 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.
The 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.
Earlier quoted context omitted.
I kinda' like Ryanair as lowcost airline? They're fairly efficient (boarding, serving etc), they _actually fly_ the advertised flights (with relatively few exceptions), and the food is reasonably priced. During COVID they would just give your money back, no shenanigans like "they're in our company wallet". Sure they have their quirks but they don't seem to go out of their way to deceive you, they're pretty open about…
Ryanair have been regulated into compliance very effectively by the European authorities- everyone knows they are scumbags and make sure they don’t get away with nonsense. Literally how regulators should work. They look at the outrageous things they try to do and make laws to prevent them. It’s worked very well and also hasn’t ended Ryanair (which is the usual anti regulation argument , that we can’t have cheap thing…
Earlier quoted context omitted.
A more fair assessment would be: company runs a utility => they need to be a regulated utility! The core part of air travel doesn’t really feel any different to a bus or metro or train. Off the tarmac then yes it absolutely feels like a Verizon store, as does some of the in-flight service, but there’s always been this weird feeling as a traveler that every carrier is basically the same thing but with different decals…
Have you ever flown spirit or any of the other ultra low cost carriers? It very much is a different experience than flying a legacy domestic mainline carrier. I’m not alone amongst people i know who will happily fly the cheap seats on United/Delta/AA but won’t even look at a ticket from Spirit or Frontier even at a significant discount. Compare it to a flag carrier like Singapore air and it is a shockingly different…
Earlier quoted context omitted.
The company is not forced to sell immediately to whoever offers it money, they can sell themselves off for parts. I heavily doubt PE firms are interested here as there is no potential for growth or a multiple. Spirit's assets are mainly their fleet, there are like 4 maybe 5 people who could buy, of these 2-3 are facing similar financial crises. In the US I think nobody except United can afford to make a move, more li…
Spirit's assets are almost entirely their slots at ORD, EWR, LAX and LGA. They don't many of their planes.
Earlier quoted context omitted.
That's straight math. Not assuming any stops or slow downs. According to Gemini this hypothetical train would take about 18 hours. It would also cost hundreds of billions of dollars and a decade to build. Doesn't do much for seeing Uncle John next Tuesday. I like trains. I like them a lot. But they don't work over long distances. Particular when you have dozens of state and city jurisdictions to cross. Each of them g…
> It would also cost hundreds of billions of dollars and a decade to build. Doesn't do much for seeing Uncle John next Tuesday. You just described the building of the interstate highway system, but I doubt there’s a person alive who would say it wasn’t worthwhile. I fear Americans are simple to selfish to have any desire to do time consuming expensive things that will improve their country long term. They just want b…
Meanwhile, the government could announce a bailout of Spirit tonight.
Wouldn't take nearly as much effort.
Earlier quoted context omitted.
I can't find videos. The cabin crew stand at the front of the plane, and either play a recording or make an announcement saying you can buy a lottery scratchcard for €2 or whatever, with some of the money going to charity. They then walk down the plane "scratchards? scratchcards?" They repeat this with a collection for charity (no scratchcard), a promoted drink, and some sort of food. I think this is mostly unique to…
Yes, Ryanair is the undisputed leader in finding new creative ways to take advantage of their captive audience and saving a few pennies here and there (e.g. I'm not aware of other low-cost carriers that have advertising on the overhead bins or put the safety instructions on seat-back stickers because it's marginally cheaper than using cards for that). Not to mention only flying from airports in the middle of nowhere…
After they made this change years ago, they said so explicitly in their marketing around continuous improvement.
Earlier quoted context omitted.
Company makes too much money: "they're extracting monopolist rents! They need to be a regulated utility!" Company makes too little money: "there's no money in this industry! They need to be a regulated utility!"
I like the EU model. The regulators set a "bare minimum" set of requirements. They have much better minimums that North America, and the fares are (still) cheaper per kilometer travelled. Also, I love the penalty system when flights are late.
The cost of EU passenger rights payouts is vanishingly small on the average ticket if almost all of them arrive as advertised.