How much you wanna bet they're going to take the money and run lol
They're not taking money, people are pledging it.
Let's Buy Spirit Air
451–460 of 628 posts
Re: Let's Buy Spirit Air
#452Earlier quoted context omitted.
For clarity, absolutely nobody did or does this. Spirit is bottom of the barrel cheap - it made flying accessible for many people, who otherwise would not fly (think Ryan air). Absolutely nobody was interstate day tripping, especially on spirt, besides this poster.
I'm not sure why you're downvoted. You're definitely right that it's extremely rare behavior.
This is based on access to their passenger records and having done data science analysis on it, or just vibes?
Re: Let's Buy Spirit Air
#453Earlier quoted context omitted.
These have remained unresolved questions, for me, for decades. When an internet pal was trying to found a libertarian (what noun should I use) locale, in Awdal in Somaliland (that detail of whether it was really in Somaliland or not was more debatable at the time), he first founded the Awdal Roads Company. https://web.archive.org/web/20040603010444/http://awdal.com/... So obviously there are theories about how these…
Lots of roads in the USA are built by private developers, then they're deeded over to the municipality for "free" so its on taxpayers to do maintenance.
And the tax income from sparse, sprawling suburbs, is not enough to cover the cost of providing sewage/electric/gas/garbage collection/firefighting/road maintenance. So either 'wealthy' suburbanites end up being subsidised by taxes from dense 'poor' inner city taxpayers, or the city has to approve a new suburb to get a chunk of income from new house sales and taxpayers to pay for the maintenance of the previous suburb's roads, in an unsustainable pyramid scheme where the city has to build more roads forever just to stand still.
Re: Let's Buy Spirit Air
#454Earlier quoted context omitted.
Co-ops don't exist at all, right?
Few people know this, but Desjardins, a Canadian financial service cooperative, is hugely popular in the province of Quebec (and also Ontario), and has close to CAD $400 billions in total assets.
The largest exporter of pork and poultry from Canada ($9B in revenue!) is also a 100 year old co-op from Quebec.
Re: Let's Buy Spirit Air
#455[flagged]
Re: Let's Buy Spirit Air
#456Re: Let's Buy Spirit Air
#457Fundamental problem: Flights don't make money. Airlines actually make all of their money through loyalty programs and credit card payments. They basically should have turned into regulated utilities long ago, but loyalty program revenue saved them. Unless this initiative will turn into a credit card company (which nobody likes or wants to do) it won't go anywhere Private equity will likely sell the company for parts.…
Why does any of this imply they should become a regulated utility? This seems like a textbook case of the free market pushing prices down to cost. Having alternative revenue streams pushed that minimal price down; but even without that, there is no reason to think the market would have done anything other than push prices to the lowest level possible in that environment as well.
In this case prices are _below_ cost, no?
Re: Let's Buy Spirit Air
#458Earlier quoted context omitted.
sounds like it's not efficient at all? it's barely functional as a business and is only surviving on grifty addons?
This is a textbook case of competition pushing profits down to 0. That's an ideal case scenario. Why would you want to change this?
Maybe they would have been more profitable if they weren't funneling $1 million every year into their CEO's pocket?
Re: Let's Buy Spirit Air
#459Re: Let's Buy Spirit Air
#460Fundamental problem: Flights don't make money. Airlines actually make all of their money through loyalty programs and credit card payments. They basically should have turned into regulated utilities long ago, but loyalty program revenue saved them. Unless this initiative will turn into a credit card company (which nobody likes or wants to do) it won't go anywhere Private equity will likely sell the company for parts.…
>Airlines actually make all of their money through loyalty programs and credit card payments.
Spirit has been doing this since it's inception. The collapse of their business can't be through lack of this alone.