SWISS reduces operating loss

SWISS has reported a significant reduction in its operating loss for 2021 from the prior-year level thanks it says to comprehensive cost-saving measures and strong cargo demand. The operating loss for the year of CHF -427.7 million was around one-third smaller than the previous year (2020: CHF -653.8 million). Total revenue for 2021 amounted to CHF 2.10 billion, a 13.7-per-cent increase year-on-year (2020: CHF 1.85 billion). SWISS’s fourth-quarter operating result was a substantial improvement on the prior-year period, and the company ended the year with a positive cash flow. The airline reports that the transformation process initiated in the course