SWISS Reports CHF 30 Million Operating Result in First Quarter of 2026

SWISS First-Quarter Result Reflects Demand Changes and Fuel Cost Pressures

Swiss International Air Lines reported an operating result of CHF 30 million for the first quarter of 2026, compared to CHF 3.3 million during the same period last year. Total revenue for the quarter stood at CHF 1.22 billion, remaining largely unchanged year-on-year.

According to the airline, the first-quarter performance was influenced by geopolitical developments, particularly the conflict in the Middle East. Demand on certain Asian routes increased during March, leading to higher yields and improved revenues. At the same time, the impact of rising fuel costs had not yet fully reflected in the airline’s financial results due to delays in fuel pricing adjustments.

SWISS Chief Financial Officer Dennis Weber said the March figures should be viewed carefully, noting that fuel prices have risen sharply since tensions in the Middle East escalated. He added that the airline had already begun to feel the impact of higher kerosene prices in April, despite fuel hedging measures being in place.

During the first three months of 2026, SWISS carried just under 3.7 million passengers, slightly lower than the same period last year. The airline operated around 29,600 flights, reflecting a reduction in overall capacity linked to aircraft engine servicing requirements and cockpit crew shortages. Despite this, the airline recorded improved seat load factors as demand remained steady across its network.

The airline also reported slight declines in punctuality and schedule stability, mainly due to cancellations linked to strike actions within the Lufthansa Group and operational impacts connected to the Middle East conflict. However, schedule stability remained at 97.4 per cent during the quarter.

SWISS said it would continue to focus on cost-reduction measures and operational efficiency as it manages ongoing challenges, including fuel price volatility, aircraft engine shortages, and productivity pressures. The airline also noted that demand for premium cabins and short-notice bookings remains strong, particularly on Asian routes.

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