Investors are now very familiar with ETFs, the acronym for exchange traded funds. Seventeen years have passed since the first European exchanges, including SIX Swiss Exchange, launched the corresponding trading segments. Since that time, ETFs have become quite a success, and the Swiss stock exchange’s ETF segment is adding another chapter to this success story this year.
Sweden and Switzerland have been suffering from a long-standing problem; people keep confusing them. It may seem unlikely to the seasoned traveller but it’s been a long-running bone of contention for proud residents of both countries. Now one airline is aiming to end that confusion by offering people a trip to Swederland.
Swiss carried 1.62 million people in August, an increase of 0.1% compared to the same month last year. The Swiss airline, controlled by the German Lufthansa, has increased by 9.6% in terms of seats / km compared to August 2015. As a result, the load factor declined by 3 percentage points to 86.8%: in July, had reached 87.9%.
Overall, the number of flights has remained unchanged at 13,285 in August, while traffic, expressed in passenger-kilometers flown, was up 6%, it said in a note today’s Swiss.
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