Volcanic ash fails to cloud Swiss airline results

Swiss International Air Lines has reported an operating profit of SFr368 million ($408 million) for 2010.

This content was published on March 17, 2011 - 09:49 and agencies

The result compares to a SFr146 million operating profit for the previous year.

In a statement, the Lufthansa-owned company said it achieved the 2010 results despite earnings being depressed by about SFr30 million due to the volcanic ash cloud crisis last spring, and despite a strong Swiss franc and rising fuel prices.

Total income from operating activities amounted to SFr4.77 billion, a nine per cent improvement on 2009. The passenger air service, Swiss, generated an operating profit of SFr135 million in the fourth quarter.

For the year, Swiss had a seat load factor of 82.3 per cent, which was a two per cent increase on 2009 and a new record for the company.

“2010 was a good year for Swiss,” said Chief Executive Officer Harry Hohmeister. “After a tough start to the year and the setback of the volcanic ash crisis, we were able to report an exceptionally strong second-half performance.”

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI 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

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.