- Swiss recovered from the nosedive in the corona pandemic last year and ended up in the black.
- The airline achieved an operating profit of 456 million francs after an operating loss of 405 million francs in the previous year.
- However, the Swiss is still not at the flight level of the pre-corona period 2019.
Sales more than doubled to CHF 4.41 billion. This after he had collapsed in the previous two years. In 2021, Swiss had only made 2.1 billion francs in sales. In the first year of the pandemic, 2020, it was only CHF 1.85 billion.
However, despite the climb, Swiss is still not at the flight level of the pre-corona period: in 2019 the Lufthansa subsidiary had a turnover of 5.33 billion and an operating profit of 578 million francs.
Post-pandemic demand boom
But the post-pandemic demand boom has given Swiss a boost. In addition to the recovery in passenger bookings, cost optimization and stable flight operations in the summer drove earnings up. The adjusted operating profit margin reached double digits again at 10.4 percent.
The first quarter was still characterized by great uncertainty due to the Omicron variant of the coronavirus and the start of the Russian war against Ukraine, wrote Swiss: “In the spring, however, people’s confidence in travel quickly returned and the demand curve for air travel showed a clear upward trend .»
Strong cargo demand
The continuing strong demand for cargo also had a positive effect on the result. The freight result is the strongest in the company’s history, Swiss continued.
In the current year, Swiss is planning with a conservative capacity of around 85 percent compared to the pre-Corona year 2019: “The goal is still to ensure the greatest possible stability in flight operations.” The entire Swiss fleet will be positioned in Zurich and Geneva again in the summer, it said.