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Swiss International Air Lines (SWISS) reported an operating result of CHF 505 million for the first nine months of 2024, marking an 18% decrease compared to the same period in 2023. Total revenues during this time reached CHF 4.2 billion. The airline attributes its solid performance to strong demand for tourist travel over the summer, despite facing rising costs and challenging business conditions.
Dennis Weber, SWISS Chief Financial Officer, commented on the results: “We continued to benefit from strong demand for tourist destinations and other private travel in the traditionally busy summer months.” He also noted cost increases related to fees, maintenance, and personnel due to new recruitment and salary hikes.
In the third quarter alone, SWISS achieved an operating result of CHF 240.8 million, a decrease of 13.3% from the previous year. Revenues for this period increased by 5.9% to CHF 1.6 billion.
