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Trade in Swiss shares suspended

A question mark hangs over where Swiss will fly to next Keystone Archive

The trading of shares in Switzerland's national airline, Swiss, has been suspended on the Swiss stock exchange until midday on Tuesday, at the carrier’s request.

This content was published on January 17, 2005 - 09:00

The company’s board of directors is due to meet on Monday to discuss a restructuring of its fleet of regional aircraft.

Swiss declined to provide any further details.

In a press release, the airline said only that it had decided to suspend trading of its shares “to prevent any uncertainty on the capital markets in connection with the... meeting of its board of directors”.

The statement comes following weekend media speculation that the national carrier, which took to the skies in 2002, was planning to overhaul its loss-making European fleet.

Swiss announced last week that it had increased its seat-load factor - the number of paying passengers as a proportion of available seats - by 2.5 percentage points in 2004 to 74.9 per cent.

swissinfo

In brief

Swiss has asked Switzerland's stock exchange to suspend trading in its shares until midday on Tuesday.

The company's board of directors is due to meet on Monday to discuss restructuring its fleet of regional aircraft.

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Key facts

Swiss increased its seat-load factor in 2004 by 2.5 percentage points to 74.9 per cent.
Seat-load factor shows the number of paying passengers as a proportion of available seats.
Intercontinental flights had a seat-load factor of 81.3 per cent.
In Europe, the seat-load factor was 60.8 per cent.
The airline had 9.2 million passengers in 2004.

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