737doctor From United States of America, joined Mar 2001, 1332 posts, RR: 35 Posted (14 years 9 months 3 weeks 5 days 8 hours ago) and read 1315 times:
I was reading an article at Aviationnow.com about Swissair and their attempts to cut costs and return to profitability. I was reading their company profile and learned that in 1998 they had a profit of $240M (USD) and then the following year they posted a $70M loss. Can anyone with reliable industry information explain the sudden downturn? What changes need to be made in order to "right the ship"?