SWISS reports first-quarter operating loss of CHF84.1 million

©SWISS

As a result of the corona-virus pandemic and its unprecedented impact on the air transport sector, SWISS incurred an operating loss of CHF84.1 million for the first quarter of 2020 (which compares to an operating profit of CHF 48.3 million for the prior-year period). First-quarter revenues also declined to CHF923 million, some 20% below prior-year level (Q1 2019: CHF1.15 billion ).

SWISS  transported 21.4% fewer passengers in the first three months of 2020 than it had in the same period last year. First-quarter systemwide seat load factor amounted to 73.3%, a decline of 5.3 points.

No forecasts can currently be made of results for 2020 as a whole, in view of the still highly unpredictable nature of the present developments. (US$1.00 = CHF0.96 aat time of publication.)

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