Swiss Air reports CGF 578m in 2019 earnings

Swiss International Air Lines Ltd.(SWISS) has announced that in 2019, it generated CHF 578 million in adjusted earnings before interest and taxes (Adjusted EBIT), compared to CHF 636 million in 2018, a decrease of 9%, the company said.

Total revenues for the year amounted to CHF 5.33 billion, in line with the CHF 5.30 billion of 2018. In view of the decline in bookings in the last few weeks as a result of increasing travel restrictions and border closures, SWISS is experiencing massive revenue losses in 2020. Short-term measures to safeguard the company´s liquidity are currently the top priority.

Adjusted EBIT for the fourth quarter of 2019 amounted to CHF 89 million, a 2-per-cent increase on the CHF 87 million of the prior year.