SWISS continues to climb in the first half of 2007

Swiss International Air Lines generated earnings before interest and taxes of CHF 285 million for the first six months of 2007. The result compares to CHF 98 million for the same period last year. Consolidated net profit for the first six months of 2007 amounted to CHF 295 million (compared to CHF 76 million for the prior-year period).

SWISS maintained the favourable business performance it had achieved in 2006 through the first six months of the current year. Total income from operating activities was raised to CHF 2 304 million for the first-half period, compared to CHF 1 976 million for the same period last year. After an encouraging first quarter, earnings before interest and taxes (EBIT) showed a further year-on-year increase in the second quarter of 2007 and totalled CHF 285 million for the combined first-half period.

“SWISS continues to climb,” says CEO Christoph Franz. “Our encouraging first-half performance strengthens our faith in our current strategic thrust. These results have exceeded our expectations. Buoyed by strong demand, we further improved our performance in the second-quarter period on both the passenger and the cargo front. And our consistent cost management and the revenue synergies that we are now deriving from our integration into the Lufthansa Group and our membership of Star Alliance also made major contributions to these favourable first-half results.”