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Swissair's Financial Woes?  
User currently offline737doctor From United States of America, joined Mar 2001, 1332 posts, RR: 38
Posted (13 years 8 months 1 week 1 day 13 hours ago) and read 1019 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"?

Thanks in advance...


Patrick Bateman is my hero.
2 replies: All unread, jump to last
 
User currently offlineILOVEA340 From United States of America, joined Oct 1999, 2100 posts, RR: 4
Reply 1, posted (13 years 8 months 1 week 1 day 8 hours ago) and read 1001 times:

The crash!!! that changed every thing.

User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4811 posts, RR: 23
Reply 2, posted (13 years 8 months 1 week 1 day 8 hours ago) and read 998 times:

Most of their losses come from their investments in other airlines...Sabena, AOM, Air Liberte.

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