Markets & Business
Spirit Airlines shuts down as viral campaign seeks to buy carrier
After Spirit Airlines abruptly ceased operations and terminated 17,000 employees, a TikToker launched a viral, non-binding campaign to crowdfund the carrier's acquisition.
Spirit Airlines abruptly shut down its operations overnight Saturday, canceling all flights and terminating 17,000 employees. The sudden closure of the carrier left ticketholders instructed not to come to the airport, leaving passengers stranded and prompting immediate discussions about the sudden collapse of the low-cost option.
In response to the shutdown, Hunter Peterson, a voice actor and TikToker with frequent flyer grievances, launched a viral crowdfunding campaign named “Spirit 2.0: Owned by the People.” Peterson initiated the campaign by asking 20% of American adults to chip in the price of a typical fare to purchase the airline. He quickly created a website for the campaign, which he admitted was a janky, one-hour job. Despite its rapid setup, the campaign quickly gained traction online. By Sunday, 36,000 “founding patrons” had pledged nearly $23 million to the effort, crashing the campaign’s servers in the process.
Peterson has openly acknowledged the absurdity of the undertaking, framing the campaign as a humorous performance. Peterson, a voice actor, told his followers that “you’re committing to this bit, so I’m committing to this bit.” Despite the comedic nature of the project, Peterson has sought professional assistance to navigate the logistical realities of the situation. He posted a one-word appeal asking for help while winkingly attempting to recruit aviation lawyers, public relations specialists, and other lawyers. Peterson added that he knows what he does not know, signaling his awareness of the immense regulatory and operational hurdles involved in running an airline.
However, organizers and observers emphasize that these financial commitments are entirely symbolic. The pledges are non-binding and do not represent actual capital or real money. This distinction is critical, as the actual cost to acquire and relaunch a commercial airline runs into the billions of dollars—far exceeding the nearly $23 million pledged by the campaign’s online supporters. While the viral movement highlights public interest in preserving a low-cost travel option, it remains a symbolic gesture rather than a viable corporate acquisition.
Why it matters
The collapse of the carrier and the subsequent viral, albeit symbolic, crowdfunding effort highlights the intersection of social media influence and public frustration with corporate instability.