Even though there were fewer passengers than before Corona: Switzerland posted record profits of 718.9 million francs

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In 2023, Switzerland managed to transport 16.5 million passengers to their destinations, almost 30 percent more than in the previous year. This shows that the airline has reached 87 percent of its pre-pandemic capacity. The number of flights increased by 22.5 percent compared to the previous year, reaching 130 thousand. Thanks to the higher price level, the highest profits in the airline’s history are achieved. All in all, 718.5 million francs.

In terms of sales, Switzerland also returned to the pre-pandemic level for the first time last year, at 5.3 billion francs (2022: 4.4 billion). As Swiss writes, the record result is due, among other things, to strong demand for air travel combined with a competitive cost structure.

Dieter Vranckx (51), CEO of Swiss, is pleased with the strong result in the press release: “Last year’s challenges were great. “Yet not only have we been financially successful, we have also become the most stable airline in Europe.” By 2023, the crisis years will finally be left behind. Switzerland is strong, stable and competitive.

Switzerland wants $5 billion investment

However, the airline suffered a setback at the end of the year. The operating result here was almost 40 percent below the previous year, at 102.6 million francs. Demand for freight services decreased significantly in 2023 compared to the previous year, returning to the pre-crisis level. This is because, among other things, providers in the market have continuously expanded their offerings over the past year and global supply chains have stabilized.

Vranckx is already looking to the future: “We need to improve in areas such as punctuality and customer satisfaction and continue to promote more sustainable aviation. “We will invest up to five billion francs in the fleet, customer experience, employees and sustainability by 2027.”

Source :Blick