Swiss reports 9% sales improvement

Swiss reports 9% sales improvement

Swiss International Air Lines has reported nearly doubling its operating profit in the year to date. The country’s flagship carrier achieved an operating profit of CHF232 million for the first nine months of 2010, which compares to an operating profit of CHF 113 million for the same period last year. Total income from operating activities amounted to CHF 3,530 million, a 9% improvement on the CHF 3,236 million of the prior-year period. “The U.K. market continues to perform well for SWISS this quarter as it has done throughout 2010,” said Gregor Koncilja, UK and Ireland Country Manager for SWISS. “The results are indicative of loyalty and increasing demand from our customers. As well as a strong offering for passengers travelling from London, including the Heathrow - Geneva route, launched this year, we have also expanded our regional offerings in Manchester and Birmingham. Furthermore our new Zurich - San Francisco route with excellent connections from the UK is doing very well, and we plan on building on this in 2011.” A key factor in the present success has been the tangible recovery in demand, and in particular strong sales in SWISS’s home Swiss market. SWISS’s long-haul services are also seeing many customers returning to the Business and First Class cabins. “As these favourable figures confirm, our sector is seeing a sustainable market recovery, our own cost base is healthy and we are delivering a strong performance within our company,” added Swiss CEO Harry Hohmeister. “I am particularly pleased that we have managed to achieve these encouraging results despite numerous negative factors.”

Gary Marshall
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Gary Marshall
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