737doctor
Topic Author
Posts: 1291
Joined: Mon Mar 19, 2001 4:52 pm

Swissair's Financial Woes?

Fri Apr 27, 2001 5:23 am

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.
 
ILOVEA340
Posts: 2064
Joined: Sat Oct 30, 1999 9:49 am

RE: Swissair's Financial Woes?

Fri Apr 27, 2001 10:30 am

The crash!!! that changed every thing.
 
CPDC10-30
Posts: 4681
Joined: Wed Feb 02, 2000 4:30 pm

RE: Swissair's Financial Woes?

Fri Apr 27, 2001 10:32 am

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