Slot sale helps cut Swiss losses

Monday, 17 Feb, 2005 0

The sale of take off and landing slots at Heathrow helped Swiss International Air Lines reduce its losses last year.

The airline’s pre-tax losses were down to £55 million from £226 million in 2003.

The reduction was helped by a £43 million gain from the surrender of slots at Heathrow to British Airways, for which the UK carrier made a part-payment in the last quarter of 2004, according to Swiss.

The airline said the figures for last year were affected by “impairments” to regional aircraft and buildings costsing almost £80 million.

Swiss is to release its full financial statement for 2004 on March 11.

Report by Phil Davies



 

profileimage

Phil Davies



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...