United Kingdom
United States
Asia Pacific
Slot sale helps cut Swiss losses
Saturday, 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
Phil Davies
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel