Quantcast

SWISS reports robust financial results for 2024 with record revenues

Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
Brazilian airline Azul to go 'back to basics' after challenging 2024
Airlines cancel flights as air travel to ‘grind to complete halt’ this week ahead of major strike action in Europe
Dramatic moment American Airlines plane diverted to Rome is escorted by fighter jets after mid-air bomb threat
Jetstar Faces Major Backlash as Nationwide System Outage Causes Travel Chaos, Stranding Passengers and Disrupting Flights Across the Australian Airline Industry
Sudden oil supply outages creating turbulence for airline industry
Southwest's layoffs dent its worker-first culture
Abu Dhabi's long-haul carrier Etihad Airways sees record $476 million profit in 2024
Jet2 warns of profits squeeze from rising costs and late bookings
Southwest bends further to activist shareholder Elliott's demands
Downgraded on a flight? Take these simple but important steps to get your money back
Delta Offers Over $2 Million to CRJ Crash Passengers
Boeing Delays Continue for Alaska, Hawaiian
Hong Kong Airlines launches daily Sydney flights
Airline to launch new bunk beds in economy on long-haul flights next year
How Airline Employees Are Coping After Deadly Washington Crash
Major airline reverses in-flight menu change amid outcry
British Airways frequent flyer scheme changes: everything you need to know
Airline introduces world-first hand luggage ban on popular travel gadget
Air Canada Delays Boeing 767 Reentry
SWISS reports robust financial results for 2024 with record revenues
Policy
Webp o63cjf7x3wz2mbmamar2yvf4xhf6
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.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

"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
More News

Flying privately from New York to London offers unparalleled flexibility and convenience, allowing travelers to choose departure times and airports according to their preferences.

May 19, 2025

British Airways has been fined $4.2 million following two incidents where baggage handlers were injured at London Heathrow Airport.

May 19, 2025

TAP Air Portugal has expanded its network in the United States by launching two new routes.

May 19, 2025

Etihad Airways has announced an order for 28 Boeing widebody aircraft, totaling nearly $14.5 billion, including agreements with engine supplier GE Aerospace.

May 19, 2025

Emirates has unveiled a unique livery for one of its Airbus A380 aircraft, marking a significant step in the evolution of its 'Courier Express' service.

May 19, 2025

Boom Supersonic is seeking to overturn a longstanding US ban on overland supersonic flights, which has been in place since 1973 due to noise concerns from sonic booms.

May 19, 2025