Specifically, the operating profit declined by 54 per cent to 48.3 million Swiss francs, as the airline announced on Tuesday. In the comparison quarter had several Project delays based on the adjusted operating profit once, he was jumped from 35 to 106 million, while the Swiss, the number revised due to new accounting principles now on 104.1 million.
sales fell 2 percent to 1.16 billion Swiss francs, although from January to March, approximately 2 percent more passengers with the Swiss flew than in the prior-year quarter. Market-wide Overcapacity in Europe, which had led to high price pressure, wrote the Swiss in their media release. The comparative quarter was still from the capacity decrease after the Grounding of Air Berlin marked.
at the same time did result in a significant additional burden from the increase in fuel prices. In the previous year, the Swiss had benefited hedges the corresponding Price, which are due to expire now, but gradually. Also, for maintenance issues, the Airline had to spend more money. In addition, it was also in the freight business, where there had been a downward trend in the market on routes between Europe and Asia is noticeable.
Confidence for the coming quarter,
Even if the result fell in the first three months, it is reported to be the average of the past years. For the remainder of the year, chief financial officer Michael Niggemann in the Communiqué was also optimistic: “For the coming quarter, we will see a good booking situation.” In particular, the continued high demand for long-carrying distance flights. We remain confident that we will achieve for the entire year 2019, the targeted double-digit margin at the level of the adjusted EBIT.
The customers of the Swiss investment in your Premium range wants to compel, to be opened in the summer of a new Lounge at Zurich airport. In addition, to be completed by the autumn, the conversion of the aircraft type A340-300. With the modernization about a new in-flight entertainment system including Internet feed on Board.
Profit thanks to fleet modernisation
last year, the Lufthansa subsidiary had flown a record result. Sales rose 7 percent to 5.3 billion Swiss francs. The adjusted operating profit (EBIT) rose by as much as 16 percent to 636 million Swiss francs. The Swiss benefited from the modernisation of the Fleet. The new aircraft are significantly larger and consume less fuel per passenger than the old decommissioned machines.
had signed off already, that this year, another record profit is unlikely. In addition to the higher fuel the expected Chaos in the European air traffic is expected to bringing down costs in the summer, the Swiss re-a substantial addition. In the past year, the numerous delays and cancellations of flights had devoured a medium two-digit million amount. An amount of this magnitude wants to spend the Airline this year for counter-measures such as reserve aircraft. (SDA/zas)