Great Lakes Aviation has released its preliminary passenger traffic results for May 2009.
Revenue Passenger Miles (RPMs) numbered 11,190,000, a 12.3% decrease on May 2008's figure of 12,753,000. Available seat miles (ASMs) however, rose by 23.7% to 34,483,000 from 27,882,000.
This led to a drop in load factor of 13.3 percentage points from 45.7% in May 2008 to 32.4%. Total passengers carried fell by 13.5% to 40,724 from 47,092 last year.
Revenue per ASM was 28.62 cents, a year-on-year decrease of 8.4% on the 31.25 cents achieved in the same period last year.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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