WestJet has announced February traffic results with a load factor of 82.6%, a small decrease of 0.2 percentage points compared with February 2008.
Revenue passenger miles (RPM) increased by 5.5% year-over-year to 1,116 million from 1,058 million. Capacity, measured in available seat miles (ASM), grew 5.7% over the same period to 1,350 million from 1,277 million.
"Our strong load factor is, in part, a reflection of our strong growth into Mexico and the Caribbean," commented Sean Durfy, WestJet president and CEO. "Our international expansion and continued focus on transborder routes are key to driving the success of our strategic plan. We have become the preferred choice of travellers to the sun destinations we serve.
"The pricing environment has not improved and we are anticipating a decline in year-over-year first quarter revenue per available
seat mile (RASM) of 10%-12%," added Durfy. "This decline reflects current economic challenges, the aggressive competitive pricing we have faced and the shift of Easter to the second quarter in 2009. We are seeing cost relief, due primarily to declines in fuel costs, that is helping to partially offset the decline in RASM."
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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