Tag Archives: Swiss International

Swiss reports first half operating loss of CHF 398 million

Swiss International Air Lines issued this financial report for the first half of 2021:

As a result of the still-dynamic pandemic development and the resulting major impediments to travel activity worldwide, SWISS incurred an operating loss of CHF 398.2 million for the first six months of 2021 (H1 2020: CHF  266.4 million). Strict cost and cash management combined with consistent network and capacity control helped keep the loss within reasonable bounds, and a positive operating cash flow was generated in the second-quarter period. Total first-half revenues amounted to CHF 659.3 million, a 43.5% decline from their prior-year level (H1 2020: CHF 1.17 billion). As last year, the second quarter brought a slight upturn in business volumes as the summer travel season approached. But the situation remains extremely tense. With a view to restoring its investment capability and maintaining its competitive edge, SWISS has embarked on a comprehensive restructuring and transformation that extend to reductions in both its personnel numbers and its aircraft fleet.

The continuing travel restrictions in response to still-dynamic pandemic developments severely depressed business and results for Swiss International Air Lines (SWISS) in the first half of the present year, too. With booking levels still low and passenger numbers some two thirds below their prior-year equivalent, total revenues for the first-half period were 43.5% down from their 2020 level at CHF 659.3 million (H1 2020: CHF 1.17 billion). The extremely weak demand on the passenger front was partially offset by still strong demand for air cargo services. The operating result or Adjusted EBIT for the period amounted to CHF -398.2 million, a 49.5% decline (H1 2020: CHF -266.4 million). The larger loss in 2021 is attributable to the fact that the first two months of 2020 were largely free of the pandemic’s effects.

“Given the still adverse business and operating conditions, we performed well under the circumstances in the first half of this year,” concludes SWISS CFO Markus Binkert. “Thanks to our rigorous cost and cash management combined with consistent network and capacity control, we kept our operating loss within reasonable bounds, and generated a positive operating cash flow in the second-quarter period. According to our present projections, we do not expect to have to use more than about half of our bank credit facility, and we are currently well below this.”

Slight upturn in the second-quarter period

As last year, SWISS saw a slight upturn in business from April onwards as the summer travel season approached. Second-quarter revenues were also 47.6% up on their 2020 level at CHF 359.7 million (Q2 2020: CHF 243.7 million). Adjusted EBIT for the period amounted to CHF -197.2 million. This was 8.2% below its prior-year level (Q2 2020: CHF -182.3 million); but 2021 second-quarter earnings were also depressed by the operating costs incurred in ramping up flight operations and by restructuring costs.

“The slight upturn in business that we have seen in the last few weeks should not disguise the fact that, with further pandemic developments still hard to predict, the situation remains extremely tense,” says SWISS CEO Dieter Vranckx. “But despite all these imponderables, we will continue to perform our mission and mandate as The Airline of Switzerland and offer our guests a range of air services that is as broad and as reliable as possible.”

Passenger numbers still very low

Passenger numbers remained very low in the first-half period. In the first six months of 2021 SWISS 1) transported around a million travellers, 67.5% 2) fewer than in the prior-year period, whose early months were not affected by the coronavirus pandemic. SWISS performed 13,060 flights in the first half of 2021, 56% fewer than in the same period last year. First-half systemwide capacity was 38.7% down in available seat-kilometre (ASK) terms, while total traffic volume for the period, measured in revenue passenger-kilometres, saw a 71.2% decline. First-half systemwide seat load factor amounted to 33.4%, a year-on-year decline of 37.8 percentage points. Seat load factor was substantially higher on European services than on long-haul routes. Passenger numbers for the second quarter of 2021 were significantly higher than for the first-quarter period. While SWISS only carried around 63,000 passengers in February, the weakest month, some 362,000 travellers were transported in the strongest month of June.

Two thirds of the aircraft fleet now back in service

With the increased demand for air travel in the current summer travel season, SWISS continues to ramp up its flight operations. Two thirds of the aircraft fleet are now back in use. And by the end of June SWISS had restored service to over 90% of the destinations it had served in pre-coronavirus times, albeit with fewer frequencies. But total production is still well below that of pre-corona times, and capacity is currently at around 50-55% of its 2019 level. SWISS now expects its production for 2021 as a whole to be about 40% of 2019’s. The key to any further substantial recovery remains a reopening of the USA, which is SWISS’s most important traffic region.

Comprehensive transformation initiated

In response to the structural market changes that the coronavirus pandemic has prompted, SWISS has embarked on a comprehensive restructuring and transformation that include reductions in both its workforce numbers and the size of its aircraft fleet. These actions are designed to achieve sustainable savings of some CHF 500 million and enable the company to regain its ability to invest and retain its competitive edge. Thanks to a constructive consultation procedure, the workforce reduction is smaller than was originally expected.
To strengthen its premium positioning in the growing leisure travel field, SWISS will be offering a new Premium Economy Class from the fourth quarter of 2021 onwards. The company is also aligning its business model even more strongly to sustainability criteria. It aims to halve its carbon dioxide emissions from their 2019 level by 2030, and to achieve net-zero carbon emissions by 2050. The company also took delivery of its 30th Airbus A220 at the end of May, marking a further milestone in the biggest fleet renewal project in its history. And SWISS has further established the first-ever end-to-end logistics chain for importing sustainable aviation fuel (SAF) into Switzerland, in collaboration with various partners. It has thus become the first commercial airline to use SAF in its scheduled flight operations from Switzerland.

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 1) Excluding Edelweiss
 2) In line with the provisions and practice of the Lufthansa Group, SWISS has modified the definitions used in its traffic volume reporting, with retroactive effect to 1 January 2021. This is also reflected in the corresponding year-on-year comparisons.

Swiss retires the last Avro RJ100

Swiss retires the last Avro (BAe) RJ100

Swiss International Air Lines through Swiss Global Air Lines operated its last Avro (BAe) RJ100 revenue flight on August 15, 2017 with the pictured HB-IYZ on flight LX7545 between Geneva and Zurich.

Swiss issued this statement:

Swiss International Air Lines removed the final Avro RJ100 from flight operations on August 15, 2017 after over 15 years as part of its fleet. The last of a total of 21 aircraft took off from Geneva in the morning and made its last official landing at Zurich Airport.

Immediately after landing in Zurich, the aircraft registered HB-IYZ received the traditional water fountain salute by the airport fire brigade before being officially taken out of service to loud applause from a crowd of employees and aviation fans. This special flight, operated under flight number LX7545, carried a mix of media professionals, staff and other guests.

The Avro RJ100 and its smaller version, the Avro RJ85, formed the backbone of the Swiss European fleet since the company was founded in 2002. The Avro fleet has completed over 700,000 hours in the air. During that time Swiss made over half a million flights with this British Aerospace (BAe) aircraft. With their record for excellent maintenance quality, these former Swiss aircraft remain in high demand despite their age, and will go into service with other airlines.

Copyright Photo: Swiss Global Air Lines BAe RJ100 HB-IYZ (msn E3338) ZRH (Rolf Wallner). Image: 930696.

Lufthansa Group to fly to 261 destinations in 101 countries this winter, the A380 to be operated on the Frankfurt – Hong Kong route

Lufthansa Group (Frankfurt) has issued this summary of new services for its upcoming winter schedule effective October 25:

Lufthansa Group logo

The Lufthansa Group Airlines – Austrian Airlines, Brussels Airlines, Germanwings, Eurowings, Lufthansa and Swiss – will become even more attractive for leisure travellers this winter, as the airlines are adding more destinations that appeal to tourists and leisure travelers to their schedules. As always, passengers can trust in the first-rate service, the quality and the reliability of the Lufthansa Group.

With the introduction of the new winter schedule on October 25, 2015, the Lufthansa Group Airlines will offer their customers one of the densest route networks worldwide, featuring more than 20,380 flights per week. This winter, via their hubs in Frankfurt, Munich, Zurich, Vienna and Brussels, as well as via many point-to-point routes, the Lufthansa Group Airlines will serve 261 destinations in 101 countries (previous year: 260 destinations in 100 countries). Furthermore, in cooperation with 30 partner airlines, more than 18,000 codeshare flights will round off the respective flight offering, giving passengers access to an almost global network. The winter schedules of the individual Group airlines will apply from Sunday October 25, 2015 until Saturday March 27, 2016.

From October 2, the new price concept on domestic German and European routes will also apply to Austrian Airlines and Lufthansa. In Economy Class, travellers can individually choose between the three graded fare options “Light”, “Classic” and “Flex”. These options vary mainly with regard to the possibility of making advance seat reservations, re-booking or cancelling flights, and permitted free luggage allowances. Since tickets went on sale last July, the new low-priced “Light” fare option has proved popular with customers. For all options, the Lufthansa Group Airlines as a premier airline still permits one free item of hand baggage. Passengers are also offered free snacks and drinks on board, fixed seat allocation at the check-in counter as well as bonuses for “award miles”, “status miles” and “select miles”.

The most important news from the Lufthansa Group Airlines:

Lufthansa logo-2

Lufthansa

This winter, Lufthansa will serve 197 destinations and operate a total of 9,900 flights per week. With the introduction of the winter schedule, Lufthansa is expanding its new intercontinental flight offering, which is tailored to the needs of leisure travelers. Tampa (Florida), a new destination since September 25, is the first of several new holiday destinations due to be added to the Lufthansa route network from Frankfurt in the coming months.

From the end of October, Nairobi (Kenya) will be included in the Lufthansa flight schedule, and at the beginning of December, Cancun (Mexico), served mainly by charter flights, Malé (Maldives) and Mauritius will follow, with Panama City rounding off the new timetable in March 2016.

Good news for all Airbus A380 fans: this winter, for the first time, Lufthansa will operate its flagship on the Frankfurt-Hong Kong route. Services from Luxembourg will also be expanded, and with 28 weekly flights from Frankfurt and 24 flights from Munich, the Benelux countries will be served much more frequently than before.

The new winter timetable will offer passengers an hourly connection from Munich to Dusseldorf and Berlin-Tegel. The easy-to-remember flight times, which already apply to connections from Munich to Frankfurt and Hamburg, will now be extended to Dusseldorf and Berlin. Lufthansa flights from Munich to Berlin will take off on the hour, and to Dusseldorf at half past the hour.

This winter, Cape Town will once again be connected with the Munich hub. From October 25, the Airbus A340-600 in a four-class configuration will take off daily for South Africa. Lufthansa customers can also escape the cold winter weather and fly to new destinations in the Canary Islands. On October 25, the new connection between Munich and Fuerteventura will be launched; on October 31 Tenerife will follow. Travelers in search of a new, cooler winter destination will also be able to fly nonstop from Munich to Finland’s largest and most famous winter sports center. From December 19, 2015, Lufthansa will take off every Saturday to Kittilä, 170 kilometers north of the Arctic Circle. The nearby skiing resort of Levi is the largest winter sports center in Lapland.

Germanwings and Eurowings

Germanwings (2nd) (13) logo

In the 2015/2016 winter timetable, Germanwings and Eurowings will offer a wide range of flights to 100 destinations in 36 countries, including intercontinental destinations. Germanwings flights to Berlin-Schönefeld will complement the carrier’s existing services to Berlin. A total of 35 flights per week will take off from Cologne/Bonn and Stuttgart to Berlin-Schönefeld Airport. Germanwings will thus be the only airline flying from Cologne/Bonn and Stuttgart to Berlin’s Tegel and Schönefeld airports.

Eurowings (2014) logo (large)

This winter, for the first time, the new Eurowings will take off from its new Austrian base in Vienna, from where it will operate nonstop services to Barcelona, Palma de Mallorca and London. In November 2015, the airline will launch long-haul flights from Cologne/Bonn Airport with the Airbus A330-200 aircraft. The first of six intercontinental destinations will be Varadero in Cuba. Further destinations will be Phuket and Bangkok in Thailand, Dubai as well as Puerto Plata and Punta Cana in the Dominican Republic.

Swiss new logo

Swiss

This winter, the new Swiss flagship, the Boeing 777-300 ER, will enter scheduled service on routes from Zurich. From January 2016, the new long-haul aircraft will be deployed on the Zurich-New York route.

With the introduction of the winter timetable, Swiss will boost frequencies on its routes to Sao Paulo (Brazil) and Miami (Florida), and will also expand its services from Geneva to destinations in Russia and Portugal in order to meet seasonal demand. In total, Swiss will thus fly to 105 destinations in 49 countries this winter.

Austrian (2015) logo

Austrian Airlines

In the 2015/2016 winter season, Austrian Airlines will offer its passengers a wide range of flights to as many as 130 destinations in 59 countries. The airline will focus on tourist destinations such as Miami (Florida), which will be served five times a week. From October, it will also offer flights to Mauritius and Colombo (Sri Lanka), and from November, to Marrakesh (Morocco). In response to seasonal demand, Austrian Airlines will thus offer its passengers an attractive range of sunny destinations in the winter as well as in summer.

Brussels Airlines logo

Brussels Airlines

Once again, Belgium’s leading airline is underlining its position as the Africa specialist with the launch on October 26 of a new connection between Brussels Airport and Ghana. From that date, the Ghanaian capital Accra will be served four times a week. The flight schedule offers ideal connections to Germany, France, the UK, Italy, Austria, Switzerland, Scandinavia, and the USA.

This winter, Brussels Airlines is also expanding its European flight schedule. The airline will fly to Bremen five times a week, while Zagreb (6 flights/week) and Billund (12 flights/week) will be served for the first time. Last but not least, Brussels Airlines has good news for sun-lovers. The Canary Islands Tenerife and Gran Canaria will be connected twice a week with Brussels Airport. As well as introducing new destinations, Brussels Airlines will increase frequencies on existing routes. During the winter months, more flights will therefore be available to Monrovia (Liberia), Freetown (Sierra Leone), Lomé (Togo), Cotonou (Benin) and Ouagadougou (Burkina Faso).

Top Copyright Photo: Javier Rodriguez/AirlinersGallery.com. Lufthansa’s Airbus A380-841 D-AIML (msn 149) arrives back at the FRA hub.

Lufthansa aircraft slide show: AG Airline Slide Show

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Swiss to drop the Zurich-Kiev route on October 1

Swiss International Air Lines (Zurich) will drop the Zurich-Kiev route on October 1. It currently operates five flights a week with Airbus A320 family aircraft.

The airline issued this short statement:

Swiss will be withdrawing its present Zurich-Kiev service with effect from October 1. The service is being terminated for economic reasons, as business on the route has failed to develop in line with expectations. The service was introduced in the 2013/14 winter schedules.

Copyright Photo: Rolf Wallner/AirlinersGallery.com. Up-close action. Airbus A320-214 HB-JLT (msn 5518) with Sharklets touches down on the runway at the Zurich hub.

Swiss: AG Slide Show

Swiss concludes a labor agreement with the Swiss European RJ100 pilots

Swiss International Air Lines (Zurich) has concluded a new collective labor agreement with the IPG union which represents the pilots of its Swiss European Air Lines (Zurich).

The company issued this statement:

SWISS has concluded a new collective labor agreement with the IPG, the staff association of its Swiss European Air Lines pilots. The new CLA14+ will keep the company competitive, give greater flexibility to its flight operations and enable its new Bombardier CS100 and Boeing 777-300 ER aircraft fleets to be brought into service with the participation of both its present pilot corps.

The new accord was formally signed by SWISS and the IPG on Wednesday May 28. The CLA14+ collective labor agreement, which will be valid from July 2014 to April 2019, will enable SWISS to make major structural change. The new accord, which will be available to all SWISS pilots, will cover and regulate the introduction of the company’s two new aircraft types, the Bombardier CS100 and the Boeing 777-300 ER, in a way which safeguards its competitive credentials while also ensuring fair participation for both of its cockpit corps. The new agreement offers the company’s present Avro RJ100 pilots new long-haul career opportunities, and simultaneously allows the company’s Airbus pilots to transfer to it with due regard to their current rank and qualifications.

The key features of the new CLA14+ in brief:

•An innovative new salary and workhours model will provide greater flexibility for SWISS’s flight operations, while also offering its pilots more scope in their roster planning. At the same time, the modernized salary system, while being more closely geared to functional criteria, still pays due and full regard to further considerations such as experience and loyalty to the company.

•Any transfers to the new CLA14+ from the Airbus pilot corps will be effected with full recognition of seniority and experience. Up to two-thirds of the long-haul places under the new CLA have been forseen for such transfers.

•This will both ensure that free positions can be occupied according to needs and allow SWISS to establish its planned new cockpit crew base in Geneva. The further option of recruiting pilots for such positions from outside SWISS would only be resorted to if there were no candidates for the positions concerned from either SWISS pilot corps.

“Our new CLA14+ will lay the foundations for making our operations more flexible and more cost-effective and thus more competitive, without having to outsource or reduce corps numbers,” says SWISS Chief Operating Officer Rainer Hiltebrand. “And it will ensure that we can employ all our pilots under favourable terms and conditions which we can continue to offer in the longer term.”

The new CLA14+ will now be subject to a phase of consultation among the Swiss European pilot corps, after which it will be put to referendum in a process that will begin in mid-June.

SWISS’s Airbus pilots will remain subject to their own CLA until the end of 2016 as desired. SWISS remains in discussions with Aeropers, the staff association of its Airbus cockpit corps.

Copyright Photo: Rolf Wallner/AirlinersGallery.com. The new agreement offers the company’s present Avro RJ100 pilots new long-haul career opportunities. Swiss European’s BAe RJ100 HB-IYS (msn E3381) in the special “Shopping Paradise Zurich Airport” taxies at the Zurich hub.

Swiss International: AG Slide Show

Swiss European: AG Slide Show

Swiss reaches agreement with two pilot groups, names its first A320 with Sharklets “Grenchen”

Swiss International Air Lines (Zurich) has issued this statement:

Swiss International Air Lines and its Aeropers and IPG pilots’ unions have reached an agreement in their negotiations on the future overall structure and working parameters for the company’s cockpit crew corps.

Swiss and its Aeropers and IPG cockpit crew unions have been in discussions since the end of last year with a view to establishing forward-looking working structures and laying the foundations for a single pilot corps. After intensive negotiations, the parties have found a viable compromise in the last few days that has met with the approval of both unions and the company.

The key issues in these discussions have been creating an integrated Swiss European and Swiss International pilot corps, efficiently introducing the new Bombardier CS100 and Boeing 777 aircraft types, sustainably maintaining Swiss’ competitive edge, securing cockpit jobs and establishing and developing the company’s new Geneva crew base.

The agreement reached will now be used to work out the corresponding amendments to the collective labour agreements (CLAs) of the two pilot corps between now and the end of this year. These amendments will then be presented to the unions’ respective members for approval. The aim here is to have all collaborations under the new employment parameters from April 2014 onwards.

With the result of these negotiations, and the corresponding integration of Swiss European Air Lines into Swiss International Air Lines, Swiss is both setting a vital course for its own corporate future and breaking new ground within the airline industry.

In other news, Swiss International Air Lines has named its Airbus A320 HB-JLT “Grenchen” (above) after the town in northwest Switzerland. The aircraft is something of a celebrity in the Swiss fleet: it’s the first member of Swiss’ Airbus A320 family to be equipped with sharklets, the winglets developed by the manufacturer to enhance inflight performance.

The symbolic naming ceremony was held in Grenchen and was attended by Boris Banga, the current Mayor of Grenchen, Daniel Bärlocher, Swiss’ Head of Corporate Communications and Peter Fasler, Head of Licence and Rating Training at Swiss Aviation Training subsidiary. Performing the honor was top Swiss ski jumper Simon Ammann, the four-time Olympic gold medallist, World Champion and World Cup Winner, who serves as an ambassador for watch manufacturer Breitling, which is headquartered in the town.

The sharklet-equipped HB-JLT is the 38th member of the Airbus A320 family to be delivered to Swiss. The aircraft is deployed on medium-haul routes in Europe and on services to Africa and the Middle East.

The sharklets reduce aerodynamic drag in the wingtip area. Airbus calculates that the resulting fuel savings reduce the associated carbon dioxide emissions by some 1,000 tons per aircraft per year – the equivalent of the CO2 produced by around 200 averagely-used family cars.

Copyright Photo: Nik French/AirlinersGallery.com. Airbus A320-214 WL HB-JLT (msn 5518) with Sharklets and a new name departs from Manchester.

Swiss: AG Slide Show

Swiss’ first half operating profit improves by 18% to $77 million

Swiss International Air Lines (Zurich) reported an operating profit of $77 million for the first half of 2013 and issued the following statement:

SWISS achieved an operating profit of CHF 72 million ($77.7 million) for the first six months of 2013, an 18% improvement on the same period last year. Total income from operating activities was raised 3% for the period to CHF 2,515 million. These encouraging first-half results are attributable to a stabilization of the SWISS market environment and a strong business performance in the second-quarter period.        

Swiss International Air Lines (Group) effected a further increase in its total first-half income from operating activities this year: the CHF 2,515 million generated was a 3% improvement on the CHF 2,452 million of January-June 2012. Operating profit for the period was also improved from CHF 61 million to CHF 72 million, an increase of 18%. The first half of 2012 had, however, seen a pronouncedly negative earnings trend.

SWISS delivered a particularly strong business performance this year in the second-quarter period. The quarterly operating profit of CHF 96 million was a full 48% above its prior-year equivalent (CHF 65 million); and total operating income for the quarter also increased 3.1%, from the CHF 1,284 million of April-June 2012 to CHF 1,325 million.

The reasons for these positive developments can be found in the slight stabilization of market conditions in the second-quarter period and in the impact of numerous actions taken under the Lufthansa Group’s SCORE programme to enhance earnings performance and results. “We have detected a change in market trends,” confirms SWISS CEO Harry Hohmeister. “But with the still-high fuel prices in particular, the situation remains far from easy, and we haven’t achieved our results turnaround yet. We’re currently in the midst of some major structural adjustments to our European operations, like our new organization and fare model for Geneva,” Hohmeister continues. “And we must continue to consistently develop and embark on such bold new paths.”

Initiatives in Europe and on the fuel management front

SWISS unveiled a new fare concept for customers departing from Geneva in the course of the second-quarter period. The new concept, which also offers one-way fares, will come into effect this autumn, replacing the present pricing model. “Our new Geneva fare concept offers an innovative new pricing approach while still providing all our traditional SWISS quality,” Harry Hohmeister explains. The developments in Geneva have extended to the appointment of a new local management team for the regional market of Western Switzerland and adjacent French border areas, while plans are also well under way to establish a new Geneva crew base. All these endeavours are intended to better meet the region’s specific air travel wishes and needs.

Elsewhere, SWISS has been taking further action on the fuel management front. The additional measures here – which include reducing aircraft weights, revised flight planning, new flight procedures and the adoption of new technologies – should cut SWISS’s annual fuel bill by a double-digit million-franc amount by 2015.

Passenger volumes and load factors up again

SWISS carried a total of 7.77 million passengers in the first six months of 2013, a 0.9% increase on the 7.70 million of the same period last year. Total flights performed in the period declined 3.1%, from 75,269 to 72,899 flights. First-half systemwide seat load factor amounted to 82.6%, a further 1.3-percentage-point improvement on the 81.3% of the prior-year period.

SWISS offered 2.9% more available-seat-kilometre (ASK) capacity systemwide in the first six months of 2013 than it had for the same period last year. Total first-half traffic volume, measured in revenue passenger-kilometres (RPKs), was up 4.5%.

Total cargo sales for the first-half period were a 2.3% improvement in revenue-tonne-kilometre terms. Cargo load factor (by volume) slipped slightly to 78.6%.

Personnel

SWISS remains a key economic driver and creator of jobs, offering young aviation enthusiasts the chance to make their career dreams come true. This year, too, the company will add over 200 new positions to its cockpit and cabin crew corps, and the establishment of the new crew base in Geneva will create some 150 new local jobs by year-end. On 30 June 2013 the SWISS workforce amounted to 6,960 full-time equivalents (compared to 6,722 FTEs at the end of june 2012). These positions were shared among 8,171 personnel (compared to 7,975 at the end of june 2012).

Fleet, product and network

SWISS continues to invest in refining its product and modernizing its aircraft fleet. Its latest intercontinental destination – Singapore – received new non-stop service from and to Zurich in May. And the current aircraft order books feature 30 Bombardier CS100s, six Boeing 777s, a further Airbus A330-300 and a further Airbus A321.

Outlook

In view of the recent stabilization of the market environment, SWISS’s management is confident of posting an operating profit for 2013 as a whole that will exceed last year’s CHF 212 million in swiss francs. “We will have to further intensify all our efforts, though,” says CEO Harry Hohmeister, “if we are to achieve the kind of sustainable profit base we need to finance our growth and investment policy between now and 2020.”

Copyright Photo: Rolf Wallner/AirlinersGallery.com. Airbus A320-214 HB-JLT (msn 5518) with the new Sharklets taxies at the Zurich hub.

Swiss: AG Slide Show

Swiss to add six new routes from Geneva this fall

Swiss International Air Lines (Zurich) will be adding six further destinations to its Geneva-based network this fall:  Stockholm (served four times weekly), Oslo (three flights weekly), London Gatwick (three flights weekly), Gothenburg (twice weekly), Belgrade (twice weekly) and Marrakesh (twice weekly). Swiss will also be turning its present summer-season services between Geneva and Malaga, Palma de Mallorca and Porto into year-round operations.

Swiss customers travelling from Geneva will also see a new fare concept that replaces the current pricing model. In one major innovation here, both round-trip and one-way fares will be offered.

The new Geneva Economy Flex fare offers European travel from Geneva for as little as CHF 89 one-way. The new fare offers greater flexibility, too, since bookings can be modified at no additional fee; and one piece of registered baggage is included in the fare.

The new Geneva Economy Light fare offers European travel from Geneva for as little as CHF 39 one-way. One piece of carry-on baggage is included in the fare. Bookings here cannot be changed or cancelled once they have been made.

Swiss is further creating a local cabin crew base for 150 new flight attendants.

Copyright Photo: Paul Denton/AirlinersGallery.com. Airbus A320-214 HB-IJW (msn 2134) taxies at Geneva.

Swiss: AG Slide Show

Swiss takes delivery of its first first Airbus A320 with Sharklets

Swiss International Air Lines (Zurich) on March 20 received from Airbus its first new A320 with Sharklets. Sharklets are newly designed wing-tip devices that improve the aircraft’s aerodynamics and significantly cut the airline’s fuel burn and emissions by four percent on longer sectors.

Copyright Photo: Andi Hiltl. Airbus A320-214 HB-JLT (msn 5518) is pictured in action at the Zurich hub today.

Swiss: AG Slide Show

Swiss commits for six new Boeing 777-300 ERs to start replacing its Airbus A340-300s

Swiss International Air Lines (Zurich) has committed for six new Boeing 777-300 ER aircraft. The prospective deal will have to be finalized into a firm order. Boeing (Chicago) issued the following statement this morning:

Boeing, the Lufthansa Group and Swiss International Air Lines announced a commitment today for six 777-300 ER (Extended Range) airplanes. The airplanes, valued at $1.9 billion at list prices, were selected for the airline’s long-haul fleet renewal. Boeing looks forward to working with Swiss to finalize the details, at which time the order will be posted to the Boeing Orders & Deliveries website.

The Boeing 777-300 ER is the largest long-range twin-engine commercial airplane in the world, seating up to 386 passengers in a three-class configuration and has a maximum range of 7,825 nautical miles (14,490 km).

On the financial side, the company issued this statement:

Swiss International Air Lines generated total income from operating activities of CHF 5,033 million in 2012, a 2% increase on the previous year (2011: CHF 4,927 million). But with the market environment still difficult, operating profit for the year fell 31% to CHF 212 million (2011: CHF 306 million). The CHF 27 million operating profit for the fourth quarter of 2012 was, however, an improvement on the CHF 18 million of the prior-year period. Swiss has also announced that its Airbus A340 fleet will be phased out from 2016 onwards. To this end, orders have been placed with Boeing for six Boeing 777-300 ER aircraft.

 
Swiss International Air Lines generated total income from operating activities of CHF 5,033 million for 2012, a 2% increase on the CHF 4,927 million of the previous year. Annual operating profit declined 31%, however, to CHF 212 million. Swiss achieved an operating profit of CHF 27 million for the 2012 fourth-quarter period, a CHF 9 million improvement on the CHF 18 million of October-to-December 2011.

 
Copyright Photo: Mark Durbin. Swiss currently operates a fleet of 15 older and less fuel efficient Airbus A340-300s. The new additions will start to replace the older Airbus long-range fleet. A340-313X HB-JMK (msn 169) lands at San Francisco International Airport in the updated 2012 livery which features larger and bolder titles.

Swiss International Air Lines: AG Slide Show