Here's an account of Pride Air's short-lived existence and another can be found here.
Pride ran out of money in November, 1985, after only three months of operating. This was an update from the Orlando Sentinel in early 1986:
HOPE SPRINGS ETERNAL. A $30 million finance package from foreign lenders that could have Pride Air flying again by April has been approved by a federal bankruptcy judge. New Orleans-based Pride Air has been grounded since Nov. 15, when it ran out of money. It filed for bankruptcy protection two weeks later, reporting debts totaling $7.6 million. Pride, which at one point in its 3 1/2- month existence served 16 cities from its New Orleans hub, plans to fly from Miami and Orlando to Los Angeles and Las Vegas, Nev., and by way of New Orleans.