SWISS reports marginally positive earnings for third-quarter period

With the seasonally stronger summer months and sizeable cost savings, SWISS was able to achieve a marginally positive Adjusted EBIT of CHF 6.7 million for the third quarter of 2021 (Q3 2020: CHF -148.3 million). Total revenue was up 91.0 per cent on the prior-year period at CHF 707.8 million (Q3 2020: CHF 370.5 million). The operating loss for the first nine months of 2021 was reduced accordingly, to CHF -391 million (Q1-3 2020: CHF -415 million). The actions initiated under the current restructuring are having their effect.