Swiss flies profitably despite harsh headwinds
Swiss International Air Lines (Group) recorded an operating profit of SFr146 million ($136 million) for 2009.
The airline, owned by German state carrier, Lufthansa, said in a statement that total income from operating activities last year declined by 17 per cent to SFr4.36 billion compared with 2008.
Swiss CEO Harry Hohmeister said he was satisfied with the airline’s performance. “We achieved a black-ink result in all four quarters; and we were able to do so despite sizeable declines in our revenues and a tangible migration from higher to lower booking classes,” he explained.
Swiss contributed significantly to Lufthansa’s 2009 operating profit of €130 million ($177 million).
The airfreight business of Swiss also showed signs of recovery towards year-end.
However, the airline cautioned that the aviation sector was “unlikely to see any swift recovery”, even if the global economy picked up.
To meet the challenges, Swiss reduced frequencies on certain intercontinental routes last year.
swissinfo.ch
More
What Trump’s return or a new Harris administration would mean for Switzerland
More
Documentary portrays Swiss teenagers forced to return to parents’ homeland
More
Gold-digging: why some Swiss bury their wealth in the garden
More
Love at new heights: Swiss hiker creates ‘Tinder for the mountains’
More
Davos entourages will face 10-fold price increase next year
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.