SWISS reports decline in operating profit amid rising costs

The cargo sector played a significant role in SWISS's performance, driven by strong business in Asia and a robust e-commerce market. CEO Jens Fehlinger acknowledged these contributions: “Given the increasingly demanding business and operating conditions that air transport is facing, our SWISS team can be proud of these solid earnings results.”

Passenger numbers rose significantly with SWISS transporting 13.7 million passengers in the first nine months of 2024, up by 10.5% from last year. The airline operated over 108,000 flights during this period.

Despite challenges such as geopolitical unrest and European airspace capacity shortages affecting operations over the summer, Fehlinger expressed satisfaction with financial outcomes: “Summer 2024 proved a genuine trial of strength, but one we passed with sound financial success.”

Looking ahead to the final quarter of the year which is typically more challenging due to fewer vacation travelers, Fehlinger remains optimistic about achieving a good financial year despite fare pressures: “Fares remain under pressure... at the same time that we are seeing rising costs and fees.”