After a year demanding and challenging, Swiss International Air Lines (Group) has recorded an operating profit of 368 million Swiss Francs (CHF) in 2010. This result, compared to 146 million Swiss Francs (CHF) operating profit achieved in 2009, has been achieved despite the revenue fell by 30 million Swiss Francs (CHF) due to the crisis caused by the volcanic ash cloud, as well as the strong Swiss franc and rising fuel prices. Total income from operating activities amounted to 4.774 million Swiss francs, representing a 9% improvement over 2009. SWISS generated an operating profit of 135 million Swiss francs during the last quarter of 2010. The cargo business of Swiss World Cargo has made a considerable contribution to the overall results, while maintaining consistent results throughout the period of twelve months.
SWISS recorded a seat occupancy rate of 82.3%, a new record for the company and Swiss aviation (the seat occupancy rate of 2009 reached 80.1%). More than 14 million passengers in 2010 also represent the largest volume of passengers that the company has moved from its founding in 2002.
'2010 was a good year for SWISS, "says SWISS CEO, Harry Hohmeister. "After a rough start this year with the setback of the volcanic ash cloud, we were able to report strong results in the second half of the year. We also observed evidence that our efforts, based on the product and customer service are being successful. "
Despite the encouraging results, Hohmeister is enthusiastic to highlight the importance of maintaining business flexibility and cost discipline. 'We must not waver in our management of costs,' says, 'we must adjust our actions and activities to market volatility likely to increase - partly through external factors like oil price and exchange rate trends and, moreover, by the development of the market as customer reserves are increasingly difficult to predict. Recent events in the Maghreb region and in Japan reflects the importance of flexibility. "
SWISS has expanded its capacity by 4.4% in 2010 to 3.4% in Europe and 4.9% on intercontinental routes. The long distance sector saw a recovery in demand compared to levels seen at the beginning of the financial crisis. The Zurich-San Francisco route, operated since last June, showed a favorable business volume from the first month. "We are delighted to have met here a customer need," says Hohmeister. "The occupancy rate of the route is well above our expectations."
In the European network however, has seen a tangible increase in competition with other operators, yields have yet to recover from the previous levels observed during the 2009 crisis. 'In view of this, our European business remains a focus of the next steps', confirms Hohmeister. SWISS CEO is cautiously optimistic for 2011. 'The year had a very disappointing start' recognizing 'and it is increasingly difficult to make reliable predictions, given the growth of fluctuations seen in our business. We intend to emulate last year's results. "
'Given the high volatility market, maintain our cost structure is one of our primary tasks, "added CFO, Marcel Klaus. 'Flexibility, variability and speed of execution are the keys to a sustainable corporate development. "
Traffic Figures:
SWISS carried 14,168,718 passengers in 2010. The 2.8% increase over the 13,783,632 passengers in 2009, marks the first time the company carries more than 14 million passengers a year since its founding. The additional capacity (reaching an increase of 4.4% terms of available seat kilometers) was covered by the market: the occupancy rate of 82.3% was the highest achieved in the history of SWISS. The entire flight operated saw a modest increase of 3.6% to 141,405 flights. SWISS also welcomed its 100 millionth passenger since its founding on October 19, 2010.
The seat load factor on intercontinental routes increased from 83.2% in 2009 to 86.8% in 2010. While in the long distance the availability of seat kilometers (ASK) increased by 4.9% over the previous year, total revenue per passenger kilometer (RPK) increased by 9.5%. In the European network, the availability of seat kilometers stood 3.4% above its level a year earlier, while volume increased 2.6% RPK. The seat occupancy rate for Europe remained virtually unchanged, with 73.5%.
The Swiss WorldCargo cargo business was very encouraging trends. The load index (by volume) for the year stood at 82.9%, an improvement of 12.2 percentage points compared to 2009, the year which stood at 70.7%.
During the fourth quarter of 2010, SWISS has increased its total capacity by 9.5% (1.2% in Europe and 14% on intercontinental routes), compared with the previous year. 3.59 million passengers flew with SWISS for the period October to December, 2.1% more than in the fourth quarter of 2009. The cargo load factor (by volume) reached 82.8%, an increase of 0.9 percentage points over the previous year.
Staff:
SWISS continues to be a key generator of employment and business. The team consisted SWISS 7506 employees at 31 December 2010 (compared with 7342 to late 2009). Total full-time equivalent positions was 6,140 (compared to the existing 5,945 by the end of last year). The company recruited 500 new employees, mainly in the body of the flight crew. By maintaining a policy of sustainable business growth, SWISS intends to continue creating and securing employment. The expansion plans of the SWISS fleet from 2012 will create about 600 direct new positions in the company, and indirectly generate more than 2,000 jobs among suppliers and the tourism industry in general.
Other company news:
customer Main awards:
Once again, SWISS has received numerous awards and accolades for the quality of their products and services during the year. The readers of Which?, The consumer magazine of largest circulation in the UK, voted the best airline SWISS from 18 European companies. In May, SWISS was awarded the 2010 Skytrax World Airline Award for service excellence by its employees in Europe. This distinction was based on a study of million passengers in 100 countries. In June, SWISS was named 'Best Airline in Europe' in the annual ranking Airline Swiss business magazine Bilanz.
Fleet Investment and Product: SWISS
continuing its comprehensive program of investment in fleet and product, to maintain and reinforce its competitiveness and long-term position in the market. The current renewal of the fleet of new Airbus A330-300 will be completed this spring with the delivery of the tenth Airbus A330-300. In mid 2011, the Airbus A340 fleet will be fully equipped with the new Business Class. The entire long-haul fleet will feature next-generation cabins SWISS Business, while the fleet of Airbus A330-300 First assumed inside Class.
A new phase for the expansion of the fleet will start in 2012 when it added five Airbus A330-300, two Airbus A320s and two Airbus A321. In 2014, SWISS will begin to replace the entire fleet of Avro RJ 30 aircraft from Bombardier's new CS series, more sustainable and silent.
environmental concerns
SWISS in 2010 has reduced its consumption of fuel per 100 passenger kilometers by 3.9%, compared to consumption levels of the previous year. The airline's own use has been reduced from 4.52 liters per 100 passenger kilometers in 2002 to 3.73 liters. The airline is strongly committed to improving eco-efficiency, investing in technologies to reduce emissions, conducting operational decisions and ensuring the highest possible load capacity on its flights.
Punctuality affected by snow and the cloud of volcanic ash:
2010 operations were severely affected by a large number of external factors, especially by the eruption of Iceland in April. The ash cloud caused by this resulted in the cancellation of 1,885 flights, affecting 202,184 passengers, with a loss of income for SWISS 60 million Swiss Francs (CHF) and como30 million Swiss Francs in the overall results. SWISS also suffered a decline in their annual on-time performance: 79.9% of all flights took off within 15 minutes allowed in departure times, compared with 84.4% in 2009. This is due in part to the heavy snowfall of January, February and December, and the increase in strikes in Europe and a general increase in traffic volume, which was a big pressure for airport capacity and air traffic. The volcanic ash cloud was also a negative impact on punctuality, as flights in May had to be diverted. Punctuality in the last quarter stood at 77.2% compared with 81% obtained during the same period last year.
Network News: SWISS
your network is constantly adapting and changing their production in response to current circumstances and demands. Flights from Zurich increased with new daily flights to Stockholm, Valencia and Belgrade since 17 December. SWISS also added service from Geneva to Madrid twice a day, and the third frequency between Geneva and Barcelona. SWISS has also been operating a direct flight between San Francisco and Zurich, six times a week since early June. This intercontinental route are recording high occupancy rates, which have exceeded expectations.
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