SWISS reports a first-half operating result of CHF 189 million

SWISS achieved an operating result or Adjusted EBIT of CHF 189.3 million for the first six months of 2026, a 3.0-percent decline on the prior-year period. Total first-half revenues were raised 3.2 percent to CHF 2.77 billion.

Financial Performance
- Operating result (Adjusted EBIT): CHF 189.3 million
→ Down 3.0% from CHF 195.1 million in H1 2025
- Total revenues: CHF 2.77 billion
→ Up 3.2% from CHF 2.69 billion last year
- Key pressure: Fuel costs surged ~50% between April–June due to the Iran war, despite hedging strategies.

Passenger & Operations
- Passengers carried: ~8.5 million (+0.6%)
- Flights operated: ~67,400 (−4.1%)
- Seat load factor: Improved by 2.2 percentage points
- Traffic volume (RPK): +1.9%
- Punctuality: 72.4% (unchanged)
- Schedule stability: 96.7% (slightly down from 97.3%)

Challenges & Mitigation
- Rising fuel costs and maintenance expenses (engine issues on short-haul fleet).
- SWISS implemented cost-saving and efficiency measures, which softened the earnings decline.
- Benefited temporarily from Middle East carriers reducing capacity, boosting demand for SWISS flights to Asia.

Market & Outlook
- Strong demand for premium-class travel helped sustain yields.
- CEO Jens Fehlinger emphasized SWISS’s role as a reliable travel partner amid geopolitical uncertainty.
- 2026 is treated as a transition year, laying foundations for sustainable growth from 2027.

SWISS is clearly navigating a tough environment, but its premium demand and cost discipline are keeping it afloat.