Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Let's Buy Spirit Air

letsbuyspiritair.com

Post reply on HN
Print view View original

31–40 of 628 posts

Re: Let's Buy Spirit Air

#31

Post by iknowstuff »

nerdsniper wrote: post #25
amazingamazing wrote: post #7

> 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.

I pledged $1,000. I have been daydreaming about a customer-owned airline for years now, just about every time I walk through an airport. This might not have much chance of succeeding in its purchase of Spirit’s assets, but I’d love to watch things unfold if it did. > These sorts of initiatives forget the toil of actually operating a business. For most businesses the size of Spirit Airlines, the owners typically do no…

aren't there plenty of state owned airlines?

https://en.wikipedia.org/wiki/List_of_government-owned_airli...

Re: Let's Buy Spirit Air

#32

Post by s0rce »

Teever wrote: post #17

I'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?

Not 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.

Re: Let's Buy Spirit Air

#34

Post by alex43578 »

corvad wrote: post #16
wewtyflakes wrote: post #13

Maybe 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.

Yes, 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.

If 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.

Re: Let's Buy Spirit Air

#36

Post by nerdsniper »

iknowstuff wrote: post #31
nerdsniper wrote: post #25

Earlier quoted context omitted.

I pledged $1,000. I have been daydreaming about a customer-owned airline for years now, just about every time I walk through an airport. This might not have much chance of succeeding in its purchase of Spirit’s assets, but I’d love to watch things unfold if it did. > These sorts of initiatives forget the toil of actually operating a business. For most businesses the size of Spirit Airlines, the owners typically do no…

aren't there plenty of state owned airlines? https://en.wikipedia.org/wiki/List_of_government-owned_airli...

Not in the USA. Also, the state’s interests often aren’t super well-aligned with the customers’ interests. Too many conflicts of interest for my taste.

Re: Let's Buy Spirit Air

#37

Post by nerdsniper »

paulddraper wrote: post #19
amazingamazing wrote: post #7

> 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.

“The only thing missing is ownership that answers to the people — not to shareholders.” Like, all people in the world? Customers? Employees? What does this mean? EDIT: It’s shareholders, but each person has one vote regardless of share count.

IMHO this should have been written “to the customers and employees”. To me, those are the people who compose a business enterprise.

Re: Let's Buy Spirit Air

#38

Post by dmitrygr »

So 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.

Re: Let's Buy Spirit Air

#40

Post by JumpCrisscross »

nerdsniper wrote: post #37
paulddraper wrote: post #19

Earlier quoted context omitted.

“The only thing missing is ownership that answers to the people — not to shareholders.” Like, all people in the world? Customers? Employees? What does this mean? EDIT: It’s shareholders, but each person has one vote regardless of share count.

IMHO this should have been written “to the customers and employees”. To me, those are the people who compose a business enterprise.

I’ve never seen that work. There is a fundamental tension between those groups. Hence, member-owned co-ops and employee-owned co-ops.
Post reply on HN