Cargo is Swiss star performer
05 / 05 / 2015
Swiss International Airlines reported total cargo sales up 1.7 per cent in the first quarter of 2015, compared with the same period of 2014. However, load factor by volume was down 1.5 percentage points, to 79.3 per cent compared with 80.8 per cent in January-to-March 2014.
Cargo outperformed the business as a whole; total income for the carrier was up just 0.2 per cent in the quarter, to CHF 1,194 million compared with CHF 1,192m last year. The carrier said it was looking forward to further progress, having secured collective labour agreements with key trade unions in April.
The carrier also had to head off financial headwinds caused by the Swiss National Bank’s decision to abandon minimum Euro exchange rates and tough competition, both of which had put revenue under pressure in many markets.