CHRISBA777ER From , joined Dec 1969, posts, RR: Posted (11 years 3 months 1 week 5 days 2 hours ago) and read 3584 times:
I am looking at some Swiss Charter carriers, and wondering if the problems felt by Swiss, have impacted Edelweiss and Belair? Of course we cannot see how they are doing financially, as they are swiss companies and do not release their accounts, but i would really like to know how they are doing - operating profits / RASM figures that type of thing. Nothing major, i'd just really like to know.
KAL007 From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 3 months 1 week 5 days 1 hour ago) and read 3564 times:
Finding this information can be tough. Minor mention about operating profits is revealed on BBC's webpage (whether they are true or not I can’t tell). Use the search engine in BBC and see what it finds. In addition, Reuters has some financial information on SWISS INERNATIONAL AIRLINES:
Thomas_Jaeger From , joined Dec 1969, posts, RR:
Reply 2, posted (11 years 3 months 1 week 4 days 20 hours ago) and read 3525 times:
Belair was only founded after Swissair failed. Balair was formerly 99% owned by the SAirGroup (Swissair parent) and was operating two B767-300ERs on longhaul charter flights and two B757-200s on behalf of Hotelplan, a Swiss tour operator. When Swissair was grounded in October 2001, Balair also stopped operations. Hotelplan which was basically paying the leasing rates for its B757-200s anyway, was obviously well prepared for this case and took over Balair, renamed it into Belair within days. They added a B767-300ER to the two B757-200s later on.
Edelweiss Air is operating three A320-200s and a single A330-200 and is a subsidiary of tour operator Kuoni.
Kuoni and Hotelplan signed some kind of a cooperation agreement several months ago to jointly market their charter capacities mainly on longhaul routes because there was a lot of overcapacity in the Swiss charter market.
As both airlines are 100% owned by the tour operators, they do not publish any financial results for the airlines only but only for the group in total. It is not the purpose of those two airlines but to bring travellers to their holiday resorts cheaper and offering a better service than the tour operators would get it from competitors.
Swiss Sun, the charter division of Swiss International Air Lines, is the third player in the market, they operate two A320-200s and three MD-83s at the moment.