Swiss Overcomes Crisis with Record Half-Year
Published: Thursday, Aug 3rd 2023, 11:40
Mise à jour le : Vendredi, 13 octobre 2023, 14:12
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The Swiss airline has seen a return to pre-pandemic levels of revenue in the first half of 2021, largely due to higher ticket prices. This has resulted in the highest semester profit in the airline's history. The revenue was up by almost 40% compared to the same period in 2020, and was almost the same as in the first half of 2019. The higher ticket prices were a major factor in the increased revenue, as the demand for flights was higher than the supply. The airline also saved money on personnel costs and restructuring measures. However, business travel is still far from pre-pandemic levels, with only 60-70% of the previous level being reached. The airline has seen a high level of flight stability, with 98% of flights being completed on the planned day. However, delays due to weather and air traffic control issues have caused costs to rise. Strikes have also caused delays and cost the airline a mid-double-digit million sum.nnnn
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