Southwest Airlines reports that it flew 5.1 billion revenue passenger miles (RPMs) in February 2009, a 6.0% decrease from the 5.4 billion RPMs flown in February 2008. Available seat miles (ASMs) decreased by 6.5% to 7.4 billion from the February 2008 level of 7.9 billion.
The load factor for the month was 69.1%, compared to 68.6% for the same period last year. Passengers carried totalled 7,068,038, an 8.7% decrease from February 2008's figure of 7,744,620.
The airlines says that revenues softened in February compared to January, bringing the year-over-year increase in passenger unit revenues to the two percent range for the first two months of 2009. Business travel, in particular, softened significantly, as measured by a decline in the percentage of full-fare traffic. As a consequence of the continued deterioration in revenue and booking trends and the current economic environment, the company says its revenue outlook for the remainder of the year is more cautious.
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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