SWISS airline achieves second-best profit in history
Swiss achieves second-best profit in its history in 2024
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: SWISS airline achieves second-best profit in history
Swiss International Air Lines had a good year in 2024, as revenues rose to an all-time high, contributing to the second-best profit in the company's history.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Swiss erzielt 2024 zweitbesten Gewinn ihrer Geschichte
Original
The Lufthansa subsidiary was unable to match its 2023 record profit.
Turnover climbed by 6% to CHF5.6 billion, the highest level ever, the airline announced on Thursday.
At CHF684 million, however, operating profit remained below the previous year’s record of CHF718.5 million. The adjusted operating profit margin (EBIT) amounted to 12.1% last year. This is 1.4 percentage points less than in 2023.
Swiss cited several reasons for this. In view of the high demand, the airlines had increased their capacities. This has intensified competition. For the airlines, this means that they can no longer charge such high prices as high as they could during the recovery phase after the pandemic. This has put pressure on average yields, stated SWISS.
In addition, longer downtimes of the short-haul fleet impacted efficiency, particularly due to the lack of spare parts for engines. At the same time, cost pressure is high. “Without various one-off effects that had a positive impact on earnings development, the year-on-year decline in earnings would have been higher,” said SWISS.
In total, the airline carried around 18 million passengers last year. This was 9.2% more than in the previous year. The number of flights rose by 9.1% to over 142,000.
External Content
Translated from German by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss Abroad
Ups and downs: Swiss drivers benefit from world’s only mobile bridge
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
Finland remains the happiest country in the world; Switzerland ranks 13th
This content was published on
Finland remains the happiest country in the world for the eighth year running. Switzerland is 13th, while the United States has its lowest ever ranking.
Survey finds money is biggest concern for Swiss families
This content was published on
HIgh health insurance premiums and rising prices are key concerns for Swiss families according to the latest family barometer.
FINMA director: ‘Capital strengthening of UBS could take place in stages’
This content was published on
The tightening of capital requirements for Swiss bank UBS could be introduced in stages, over several years, says FINMA Director Stefan Walter.
Swiss culture budget approved, after long disagreement over looted art
This content was published on
On Wednesday, the Swiss parliament found common ground on looted art after a long disagreement on this sensitive point in history.
Swiss parliamentarians back expansion of nitrochemical capacity to boost defence
This content was published on
The Swiss House of Representatives has backed a motion to expand the armaments company Nitrochemie in order to increase defence capabilities.
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.