Swiss International Air Lines posts better than expected results

DUBAI - Swiss International Air Lines, the national carrier of Switzerland, which is officially celebrating its second anniversary of operations, has declared better than expected results for its business last year. The company will soon be participating in the 11th annual Arabian Travel Market, taking place between May 4 and 7.

By A Staff Reporter

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Published: Thu 15 Apr 2004, 12:01 PM

Last updated: Thu 2 Apr 2015, 11:37 AM

The company has recently announced a stronger financial position going in to 2004. With liquid assets amounting to CHF503 million, the company announced an operating loss of CHF498 million, compared with CHF909 million loss in 2002.

Felix Rodel, area manager for the Middle East, Pakistan and Iran, said: "The global airline industry has been through a second year of recovery, however, the outlook at SWISS is very positive. We have completed 60 per cent of our restructuring plan and expect to witness the positive impact of these measures in 2005."

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