All articles tagged with #spirit
Originally Published 3 months ago — by Space
Australia's SpIRIT nanosatellite has successfully completed its commissioning phase, taking its first space selfie and preparing to detect cosmic gamma-ray bursts, marking a significant milestone for Australian space technology and international scientific collaboration.
Originally Published 1 year ago — by Softonic EN
The NASA Mars Rover, Spirit, captured the first image of Earth from the surface of another planet on March 8, 2004, marking its 20th anniversary today. This iconic image provided a new perspective on Earth's place in the solar system. Another NASA rover, Curiosity, also captured an image of Earth from inside the Gale crater on Mars, showcasing the Moon as well. While Spirit explored the Martian surface for almost six years, Curiosity continues its work in Gale Crater, and the most advanced NASA rover, Perseverance, has been exploring Jezero Crater since February 2021.
Originally Published 1 year ago — by Kotaku
Final Fantasy VII Rebirth captures the janky spirit of the original game by embracing its unrefined charm and introducing a variety of new ideas, minigames, and mechanics in every chapter. The game's narrative weaves together ambitious themes, and its approach to incorporating disparate pieces flowing together emulates the spirit of the original. While the minigame-focused experience may not appeal to everyone and could potentially affect the pacing of the main story, Rebirth stands out as a gutsy and memorable addition to the series.
Originally Published 1 year ago — by Cranky Flier
JetBlue and Spirit file appeal to keep their merger on track, while American Airlines announces new long-haul flights including its longest route from Dallas/Fort Worth to Brisbane. Frontier Airlines introduces a new business travel program, United Airlines seeks to acquire Hawaiian Airlines' Haneda slots, and Delta Air Lines adds new routes to sunny destinations.
Originally Published 2 years ago — by The Points Guy
JetBlue and Spirit airlines have announced their decision to appeal a court ruling that blocked their planned merger. The airlines are facing challenges as their share prices fluctuate, and analysts speculate about the potential outcomes, including bankruptcy for Spirit. The merger agreement, which would have seen JetBlue acquiring Spirit, is now in question, with JetBlue potentially facing a significant reverse breakup payment to Spirit shareholders. Despite the appeal, analysts believe that the injunction may ultimately lead to JetBlue being freed from the deal, which they view as unfavorable given the current circumstances in the airline industry.
Originally Published 2 years ago — by Financial Times
Hedge funds suffered significant losses in the wake of the JetBlue/Spirit fiasco, as the stocks of both airlines plummeted due to operational disruptions and cancellations. This event underscores the risks associated with investing in the airline industry and serves as a cautionary tale for hedge funds and other investors in the financial markets.
Originally Published 2 years ago — by Cranky Flier
The acquisition of Spirit by JetBlue has been blocked by a judge, leaving both airlines with significant challenges ahead. The ruling found that the merger would reduce competition and harm consumers in various markets. With the merger blocked, Spirit must quickly reevaluate its future survival, while JetBlue needs to develop a clear strategy to address its operational issues and neglected markets. The ruling may also have implications for other airline mergers, such as Alaska and Hawaiian.
Originally Published 2 years ago — by The Register
NASA's Spirit rover, which landed on Mars 20 years ago, surpassed its expected 90-sol lifespan, operating for 2,208 sols before its final contact in 2010. Despite initial technical issues and a failed wheel, Spirit made significant contributions to Mars exploration, including the discovery of a potential habitat for microbial life. The rover's mission ended when it became stuck in sand, but its legacy continues to inform current and future Mars missions.
Originally Published 2 years ago — by The Points Guy
The antitrust trial between JetBlue and Spirit has concluded, with closing arguments from the Department of Justice and lawyers for the airlines. The trial will determine the fate of the two airlines and potentially impact the broader U.S. airline market. The DOJ argues that the merger will harm price-sensitive consumers, while JetBlue claims that absorbing Spirit will allow it to compete more effectively with the major U.S. airlines. The trial's central question is whether the risk of raising fares on some routes through Spirit's exit is worth the potential to lower average airfares by putting more pressure on the major carriers. The judge has asked both sides about the possibility of a conditional ruling that would allow the merger with certain requirements. A decision is expected soon.
Originally Published 2 years ago — by Cranky Flier
As the trial begins for the Department of Justice's lawsuit to block JetBlue from acquiring Spirit, Spirit's Q3 financial performance reveals staggering losses and declining revenue. The airline attributes the poor results to softer demand and discounted fares in its markets. Spirit's unit revenue plunged 17.4% and actual fare revenue dropped 27.8% year-over-year. Additionally, Spirit's operational performance suffered, with a low on-time arrival rate and a high cancellation rate. The airline is also facing challenges due to Pratt & Whitney engine problems. JetBlue, which plans to acquire Spirit, may be growing anxious about the merger as Spirit's financial and operational woes continue.
Originally Published 2 years ago — by Seeking Alpha
The trial to block JetBlue's planned merger with Spirit has been delayed again, with the Department of Justice (DOJ) facing criticism for its position. Some argue that affordable ticket prices should not be penalized, and that the merger would not lead to price increases. JetBlue has already made concessions by divesting key spots to ultra-low-cost carriers (ULCCs) to appease the DOJ. However, the DOJ is seeking further concessions. The trial has been reduced from four to three weeks, and there is speculation that JetBlue may be making concessions to avoid a trial altogether.
Originally Published 2 years ago — by Barron's
American Airlines and Spirit have both cut their guidance, causing airline stocks to fall once again. This adds to the ongoing turbulence in the sector.
Originally Published 2 years ago — by One Mile at a Time
JetBlue is offering slot divestiture agreements to Frontier and Allegiant as part of its efforts to convince regulators that its merger with Spirit is good for consumers. The agreements involve transferring gates and slots at various airports to the two airlines. With the recent breakup of the Northeast Alliance between American and JetBlue, the chances of the JetBlue and Spirit merger being approved may be increasing.
Originally Published 2 years ago — by KAKE
The machinist union at Spirit has voted to accept a new contract offer, which includes changes such as no mandatory overtime on Saturdays and maintaining the same healthcare plans. General wages will increase by 20% over the four-year contract, with a maximum cost of living adjustment of 3.5%. The contract also includes a $3,000 ratification bonus. While there was more support for this contract, it was a close vote after nearly 80% of union members voted against the previous offer. Some members believe it is best to get back to work, while others still want more improvements.
Originally Published 2 years ago — by KAKE
After 85% of union members voted to strike, economics expert Larry Straub said that the impact of the strike depends on how long it lasts. If it lasts for more than a month, it could cause serious damage to the local, regional, and national infrastructure. Spirit is a primary supplier of Boeing, which is still recovering from the 737 Max shutdown, and Boeing's stock prices have already started to fall. The strike is making national headlines, and negotiations between Spirit and the union have picked back up with the help of a federal mediator. The company could recover faster by utilizing overtime hours once machinists go back to work, but the union is fighting to reform overtime.