How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
Southwest Airlines announces February traffic stats
Southwest Airlines has reported its traffic figures for February 2010, featuring a load factor increase of almost 5 percentage points.
The airline flew 4,986,254,000 revenue passenger miles (RPMs) in February 2010, a 2.3% decrease from the 5,104,418,000 RPMs flown in February 2009. Available seat miles (ASMs) decreased 8.7% to 6,751,455,000 from the February 2009 level of 7,391,395,000.
The load factor for the month was up by 4.8 pp at 73.9%, compared with 69.1% for the same period last year. Weather-related flight cancellations during the month reduced the carrier’s passenger revenues by an estimated $15 million. For February 2010, Southwest estimates that the passenger revenue per ASM increased in the 16%-17% range compared with February 2009.
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