SWISS posts a first-quarter operating result of CHF 30 million

Swiss International Air Lines (SWISS) reports an operating result or Adjusted EBIT of CHF 30.0 million for the first three months of 2026.

Financial Highlights
- Operating result (Adjusted EBIT): CHF 30.0 million (vs. CHF 3.3 million in Q1 2025).
- Revenue: CHF 1.22 billion, essentially flat year-on-year despite reduced seat capacity.
- Strong March demand, boosted by the Middle East conflict, temporarily lifted yields.
- Fuel costs: Jet fuel prices nearly doubled since the Iran War began; hedging softened the impact, but Q2 results are expected to be hit hard.

Operational Performance
- Passengers: 3.7 million (–0.4% YoY).
- Flights: 29,600 (–7.1% YoY).
- Capacity (ASK): –3.4% due to engine servicing needs and pilot shortages.
- Traffic (RPK): +0.8% YoY.
- Seat load factor: +3.4 percentage points, showing better utilization.
- Schedule stability: 97.4% (still high).
- Departure punctuality: 75.2%, slightly down due to strikes and geopolitical disruptions.

Strategic Challenges
- Rising fuel costs and engine shortages are major headwinds.
- Productivity pressures and labor negotiations with cockpit crew remain critical.
- SWISS is pushing efficiency programs and cost reductions to strengthen structural resilience.

Outlook
- Summer demand: Robust, especially on Asian routes with strong premium-class bookings.
- Volatility: Geopolitical uncertainty and fuel supply risks make forecasting difficult.
- SWISS aims to keep schedules stable and maintain customer satisfaction despite turbulence.