(TAN): SWISS returned to profit in H1 2022 and posted an operating result of CHF 67 million (USD 69.8 million) for the period, the airline said.
The encouraging business developments that had been seen in the first few months of the year strengthened further in the second-quarter period.
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The airline especially benefited from the sizeable booking demand and from the improved profitability provided by its completed restructuring activities. SWISS transported some 5.3 million passengers in H1 2022, five times as many as it had carried in the prior-year period. The increase was reflected in first-half revenues, which totalled CHF 1.8 billion.
Despite the likelihood of an economic slowdown, SWISS is also confident of returning to profit in its 2022 full-year results.
