Quarterly figures: Swiss reports record figures

Airbus A320neo (Photo: V1Images.com/Clément Alloing).
Airbus A320neo (Photo: V1Images.com/Clément Alloing).

Quarterly figures: Swiss reports record figures

Airbus A320neo (Photo: V1Images.com/Clément Alloing).
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In the first nine months of the current year, the airline Swiss achieved the strongest result in the company's history with 615,9 million Swiss francs. Operating income was four billion Swiss francs. There were 12,4 million travelers on board. 

“I am grateful and proud that we as a Swiss team achieved such a good result in the important summer months. “In doing so, we have further strengthened our financial foundation and proven that once the pandemic has been overcome, we will continue to stand solidly on our own two feet in the long term,” said CFO Markus Binkert. 

In the months from July to September, Swiss increased its operating result by a quarter compared to the previous year to almost 277,6 million francs (2022: 220,5 million francs) and achieved the strongest quarterly result in its history. Operating income rose by around 10,6 percent to 1,5 billion francs (2022: 1,3 billion francs). Although demand for cargo services has fallen significantly compared to the previous year and is now back to pre-crisis levels, the Lufthansa subsidiary's cargo division also made a contribution to the overall result in the first nine months of 2023. 

“I would like to thank the entire Swiss team very much for their excellent team performance, which made our record result possible. I am particularly pleased that we are not only on track financially, but that the latest survey clearly shows that the motivation and satisfaction of our employees have increased significantly. Especially in light of the fact that the economic environment is becoming more demanding and we are facing turbulent times in global politics, it is extremely important that we have created a solid financial cushion. It also enables us to further invest in the travel experience of our passengers and in our employees. Measures to improve punctuality are also at the top of our priority list,” says company boss Dieter Vranckx. 

In the third quarter, Swiss transported around 4,9 million passengers compared to 4,0 million in the same period last year. The airline operated over 36.500 flights compared to almost 31.000 in the third quarter of 2022. At 88,2 percent, the average seat load factor was 1,3 percentage points below the previous year. Overall, the carrier offered 89 percent of its 2019 capacity in the third quarter. In the first nine months of the current year, the airline had 12,4 million passengers on board on 97.000 flights. 

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