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2024

SWISS reports highest ever profit 

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Swiss International Air Lines (SWISS) saw record operating profit last year following a return to pre-pandemic revenue levels. SWISS’ turnover totalled CHF5.3 billion ($6 billion) last year, the airline announced on Thursday, a significant increase on the previous year’s CHF4.4 billion, and a return to 2019 levels for the first time since the pandemic. The airline also achieved record operating profit, which increased to CHF718.5 million from CHF456 million the previous year, well above the last record result of CHF636 million in 2018. This was in part due to strong demand for air travel combined with a competitive cost structure, the airline said in a statement. More people but less freight transported In total, the airline carried around 16.5 million passengers last year, almost 30% more than in the previous year, and the number of flights rose by 22.5% to more than 130,000. On the other hand, freight decreased significantly, according to the airline. It attributed this to ...