![]()
**SWISS Reports Robust Operating Performance in First Nine Months of 2024 Despite Increasing Costs and Yield Challenges**
*Zurich, Switzerland – October 2024* – Swiss International Air Lines (SWISS), the flag carrier of Switzerland and a subsidiary of the Lufthansa Group, has reported a strong operating performance for the first nine months of 2024. Despite facing rising operational costs and yield pressures, the airline has demonstrated resilience and adaptability, maintaining profitability and continuing to deliver high-quality service to its passengers.
### **Key Financial Highlights**
SWISS reported a significant increase in revenue for the January to September 2024 period, driven by strong passenger demand, network optimization, and strategic cost management. The airline's total revenue for the first nine months reached CHF 4.2 billion, a 12% increase compared to the same period in 2023. Operating profit (EBIT) stood at CHF 450 million, reflecting a robust performance despite the challenging economic environment.
Passenger numbers also saw a notable rise, with SWISS carrying over 15 million passengers during the period, a 9% increase year-on-year. The airline's load factor remained strong at 83%, underscoring the continued demand for air travel, particularly on long-haul routes to North America, Asia, and key European destinations.
### **Challenges: Rising Costs and Yield Pressures**
While SWISS has enjoyed a strong operational performance, the airline has not been immune to the broader challenges facing the global aviation industry. Rising fuel prices, inflationary pressures, and increased labor costs have all contributed to higher operating expenses. Fuel costs, in particular, have surged by 18% compared to the same period in 2023, driven by geopolitical tensions and supply chain disruptions in the global energy market.
In addition to rising costs, SWISS has faced yield challenges, particularly in the highly competitive European short-haul market. Yields, which measure the average revenue per passenger per kilometer flown, have been under pressure due to increased competition from low-cost carriers and fluctuating demand in certain markets. The airline has responded by focusing on premium services, enhancing its product offering, and optimizing its route network to ensure profitability.
### **Strategic Initiatives to Mitigate Challenges**
To counteract these challenges, SWISS has implemented several strategic initiatives aimed at improving efficiency and maintaining its competitive edge. These include:
1. **Fleet Modernization**: SWISS has continued to invest in its fleet, with the introduction of more fuel-efficient
