Air Transport World

Swiss reported a net loss of Sfr447 million ($295 million) for the first half of 2002, "a good third better than envisaged" in the business plan. (Europe Report).(Brief Article)(Statistical Data Included)

Swiss reported a net loss of Sfr447 million ($295 million) for the first half of 2002, "a good third better than envisaged" in the business plan. Sales totaled Sfr1.75 billion compared with Sfr1.21 billion forecast. Swiss cited a "continuous increase" in load factor both in Europe and overseas, as well as intercontinental expansion of the route network, for the better-than-expected results.

Separately, swiss and its cabin crewmembers tentatively agreed on a new contract that will come into effect Nov. 1 if ratified. The airline has not been able to secure a deal with its regional pilots represented by the Swiss Pilots' Assn. …

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