Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
Pinnacle Airlines Corporation has released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for December 2009, plus the airline’s traffic figures for the whole of last year.
Revenue passenger miles (RPMs) were down 7.2% to 378,164,000 from 407,339,000, while available seat miles (ASMs) were cut by 7.4% to 497,627,000 from 537,301,000.
The resultant load factor was 76.0% an increase of 0.2 percentage points (pp) on the 75.8% achieved in December 2008. The airline carried 867,612 passengers in December 2009, up by 0.2% on December 2008’s figure of 866,033.
The carrier flew 35,949 block hours, compared with 38,642 flown in December 2008, a 7.0% decrease.
For all of 2009, RPMs dropped by 4.2% to 4,640,392,000 from 4,844,526,000 in 2008. ASMs were also down, by 3.3%, to 6,108,609,000 from 6,320,269,000, producing a load factor for the year of 76.0%, 0.7 pp down from 2008’s 76.7%.
Pinnacle carried 10,770,780 passengers in 2008, 3.6% fewer than the 10,392,982 carried in 2008. Block hours flown were 426,432, a decrease of 3.7% from 2008’s total of 442,911 hours.
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.