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SWISS reports robust financial results for 2024 with record revenues

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SWISS reports robust financial results for 2024 with record revenues
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Doris Russi Schurter Member | Swiss International Air Lines

Swiss International Air Lines (SWISS) has reported an operating result of CHF 684 million for the 2024 financial year, marking its second-best annual earnings in corporate history. The company's total revenues for the year reached CHF 5.6 billion, a six percent increase from 2023 and a new record high. SWISS also welcomed approximately 18 million travelers aboard last year, representing a 9.2 percent increase over the prior-year period.

"As our 2024 results clearly confirm, our company is strong, stable and financially sound," said SWISS CEO Jens Fehlinger. "This highly favorable operating result is the product of superb teamwork by all our employees. "

The airline's profitability remains solid with an Adjusted EBIT margin of 12.1 percent for the year. However, this figure represents a decline of 1.4 percentage points compared to the previous year.

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"Our strong earnings benefit our customers too," Fehlinger added. "We'll be investing some CHF 1 billion annually over the next five years in providing a top-notch air travel experience both in the air and on the ground while also investing in sustainability. "

SWISS operated over nine percent more flights in 2024 than in the previous year and transported more passengers overall. Despite challenges such as air traffic control resource shortages and geopolitical developments, average punctuality improved to65 per cent , up four percentage points from last year.

"Our various actions to raise our punctuality and reduce irregularities are showing their first successes," said SWISS Chief Operating Officer Oliver Buchhofer. "At the same time, we still had too many disruptions over course of last year. "

One key highlight for 2025 will be arrival summer first SWISS Airbus A350, currently undergoing final assembly at Toulouse factory preparations ahead full swing pilots cabin crew technical personnel undergoing requisite training

"2025 is shaping up landmark company," says SWISS Chief Commercial Officer Heike Birlenbach "We're making substantial investments deliver host innovations customers aware long wait improvements urgently required these should now seen felt from week onwards "

The new 'SWISS Senses' concept will gradually adopted long-haul services course present offering range product service features designed appeal senses eyes ears nose taste touch innovations extend newly devised cabin design modern seating all four travel classes along expanded inflight food beverages bedding items reusable tableware Economy Plus Alpine Valley signature scent available various forms hand lotion refresher towels

Swiss WorldCargo division enlarged service offer expansion route network Seoul enabled cargo markets served helping strengthen Switzerland connections world trade network Swiss WorldCargo transported around305000 tonnes airfreight lastyear14-per-cent increase focus high-value consignments continued reap rewards special cargo precious metals banknotes pharmaceutical products accounted over50 per cent business

In summary despite slight decline earnings due increased market capacity longer aircraft downtimes high cost pressures non-recurring items positively impacting revenue development SWISS remains strong stable committed future investments innovation excellence sustainability transporting approximately18 million passengers operating142000 flights achieving seat load factor841 per cent

Organizations Included in this History
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