Swiss with slightly lower profit in the first half-year
Published: Wednesday, Jul 31st 2024, 07:40
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Swiss further increased its turnover in the first half of the year. However, profits declined.
From January to June 2024, the airline generated 5.5 percent higher sales of 2.7 billion Swiss francs, as announced on Wednesday. However, at 264.2 million francs, operating profit was 22 percent lower than in the same period last year.
Swiss cites two main reasons for this: On the one hand, the market situation has normalized because the capacity bottlenecks from the previous year have now largely dissipated. On the other hand, costs have risen, in particular due to higher wages, fees and expenses for the ongoing maintenance of the fleet.
However, the half-year results also show that Swiss was able to improve significantly in the second quarter: In the first quarter, operating profit was still 60 percent down on the previous year. In the months from April to June, the operating result of 233.4 million Swiss francs was still around 10 percent down on the previous year.
©Keystone/SDA
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