The Long Slow Death of Spirit Airlines
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#wallstreetmillennial
0:00 – 2:30 Intro
2:31 – 9:50 First Bankruptcy
9:51 – 11:08 Second Bankruptcy
11:09 Government Bailout
@wallstreetmillennial
May 15, 2026 at 11:36 am
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@David-d2q2n
May 15, 2026 at 11:36 am
So we're selling A.I. now. Wow, 11-12% interest, that's payday loan kind of interest. Poors should not be allowed to fly.
@uno6916
May 15, 2026 at 11:36 am
Chinese cars manufacturers should expand into the USA market
@darkshadow1966
May 15, 2026 at 11:36 am
Let me guess the CEO (and suits) was getting played millions of dollars even week, tho the 2 bankruptcies as well up to them called it quits
@simplemechanics246
May 15, 2026 at 11:36 am
Insane loan interest rate…why they did it?
@charlottemcbrearty1849
May 15, 2026 at 11:36 am
This was actually my favorite airline, I rarely flew anyone else in the last twenty years. I never had any problems and the staff were always great. They will be missed.
@lookitskazzy
May 15, 2026 at 11:36 am
Spirit was public transit in the sky. You couldn't pay me to fly Spirit or Frontier.
@PJski
May 15, 2026 at 11:36 am
Respectfully, while I love and look forward to your content, your assertion towards the end "the fact of the matter is that the ultra low cost carrier model no longer works" 13:10 is demonstrably false. Ryanair is consistently among the most profitable airlines in the world. It's not the model, but the captain of the ship that led this one astray.
@jbern2185
May 15, 2026 at 11:36 am
Basically, Trump has no idea what he's talking about, and makes conditions worse for business.
@Jayjs20
May 15, 2026 at 11:36 am
The Iraq War is over. I'm still waiting for gas price to go back down to 99 cents.
@davidmclay6182
May 15, 2026 at 11:36 am
Honestly, you're pushing your use of AI a bit too much in a time when we want content that is a little more genuine 😂. Lost me bro.
@Ignitious100
May 15, 2026 at 11:36 am
Next video, WSM: “Genspark AI is a scam”
@SeñorDiegoGarcia
May 15, 2026 at 11:36 am
while you mentioned the fact that spirit dry leased most of their aircraft, they also chose an airframe baked in with the pratt and whitney GTF engine. this engine had a metallurgic defect in a huge batch of engines which in turn caused a huge portion of their leased fleet to be grounded for maintenance. i'm not sure what clauses were baked into their leases but this created a recipe for a revenue shortfall when something such as aggressive price cutting by mainline airlines with much more flexibility on ticket costs or COUGH a sudden spike in jet fuel prices to create a huge exposure.
Ryanair had the revenue overhead to hedge their fuel prices. they have strategically done this to weather the storm when oil price volatility rears its head. they are dealing with this situation and still turning a profit. spirit was always going to be fucked.
source: trust me bro
@Toberumono
May 15, 2026 at 11:36 am
13:55 Spirit was perfectly fine as a song, but Disney really dropped the ball in their “live action” remakes, so it left almost no mark.
@samb.e
May 15, 2026 at 11:36 am
Is the guy in the oval office on drugs or what? WTF is he talking about?
@GeeDaddyFlex305
May 15, 2026 at 11:36 am
Bye Felisha
@Ad-skip
May 15, 2026 at 11:36 am
02:30 Ad skip
@paulgilliland2992
May 15, 2026 at 11:36 am
Flying Spirit Airlines was a humiliating experience. We flew them one time in 2017 or 18 to Milwaukee and that was it never again.
@alpineliquors4663
May 15, 2026 at 11:36 am
A few good points yes…but be real…same clientele that ruined malls. People disassociate.
@jasoncutler418
May 15, 2026 at 11:36 am
I don't think the Iran situation will end in the next 5 to 6 months but the big 3 will be looking for a bailout if the Iran situation doesn't end in the 30 days. Between the 50% increase in fuel costs and the lost revenue from canceled flights from fuel shortages they are basically cooked.
@kevinr8431
May 15, 2026 at 11:36 am
I couldn’t stand Spirit. Heavy manipulation with the ticket reservations…just so poorly run.
@Grasshopper.80
May 15, 2026 at 11:36 am
People express. 😂😂😂😂
@pb-toaster
May 15, 2026 at 11:36 am
Was Sam altman behind the downfall of spirit airlines?
@oygovalt
May 15, 2026 at 11:36 am
7:32 there was no retrofit; big front seats have been available for years.
@Christophe-Manga
May 15, 2026 at 11:36 am
I was someone who had a flight on the same day it went under 🤷
@JohnnyBean78
May 15, 2026 at 11:36 am
PeopleEXpress? What! LMAO Only Lady Don Screwloose would say something like that!
@thepvpchannel-oq7nq
May 15, 2026 at 11:36 am
I think half of the current airlines will go bankrupt,
we almost reach 90 days of the Iranian conflict, and I dont think Airlines have to much room to work whit the fuel price in the current levels.
might take another 3 months before we start to hear the first possible bankrupts, but yea, the airlines industry are about to experience an 9.0 earthquake
@CarlSmith-p2c
May 15, 2026 at 11:36 am
Trump thinking he could save Spirit is quaint considering how well he did with Trump Shuttle back in the early 1990s.
@TakeNoteOfThat
May 15, 2026 at 11:36 am
They just don’t want us to fly
@kelvinsalgado1345
May 15, 2026 at 11:36 am
Spirit went bankrupt, then creditors, private equity, and large stakeholders kept the company alive through additional financing instead of liquidation. The company “recovered,” but also took on even more debt. That gave time for positions to be sold and restructured, and now they’re back in bankruptcy again heading toward liquidation.
And the interesting part? Many of the same creditors, bondholders, and financial groups involved in the original financing are also the ones likely to recover money first through asset liquidation, including the groups tied to the $500M loan that temporarily kept the company alive the first time.
@ropro9817
May 15, 2026 at 11:36 am
Poorly run companies need to be allowed to die.
@pandaDotDragon
May 15, 2026 at 11:36 am
A lot of YouTube channels are now in trouble, they just have lost their main source of airport drama and crazy passengers 😅
@jerrysoucy2611
May 15, 2026 at 11:36 am
He remembered People Express because he also tried to enter the industry back then – and failed, of course
also too thanks for ending on such a high note!
@DracosAndGlocks
May 15, 2026 at 11:36 am
Video start at 2:33
@jugularSignal
May 15, 2026 at 11:36 am
2008 should've taught us you can't ball out bad business decisions. You just delay the inevitable downfall with other people's money
@1OO_k
May 15, 2026 at 11:36 am
Wow a soulless mega corporation actually getting what it deserves for once… neat.
@talldarkstrangerpr
May 15, 2026 at 11:36 am
Never booked a flight on Spirit because they shafted customers with hidden fees.
@EntityOfTheVoid
May 15, 2026 at 11:36 am
Those of us in the industry saw the writing on the wall after the first bankruptcy. It was clinical watching it from afar. You knew it was coming it was just a matter of when. By the second bankruptcy that answer changed to soon. The smart ones I've worked with that came from spirit bailed when they realized it wasn't going to get better.
All I care about is the employees and that they land on their feet in time. The industry is trying to grab as many of them as they can.
@leroysokvibol5770
May 15, 2026 at 11:36 am
Damn ! So Trump lies about helping Spirits just to pump the stock toward 600% CRAZY ! Market manipulation as usual by the Trump 🤡
@bohenriksson2330
May 15, 2026 at 11:36 am
How many budget airlines does a country need?
@robcaseyire
May 15, 2026 at 11:36 am
13:03 "the ultra low cost carrier business model no longer works",
You haven't heard of Ryanair I guess!
@matthewmelange
May 15, 2026 at 11:36 am
Thanks Trump!