Airline threatens to run out of money – Swiss will soon need new state aid

Hopes for a quick recovery have been dashed. At Swiss, it is expected that another injection of funds will be necessary at the end of the year.

A Swiss machine that has been withdrawn from service will be overtaken by technicians on April 21 at Dübendorf ZH airfield.

A Swiss machine that has been withdrawn from service will be overtaken by technicians on April 21 at Dübendorf ZH airfield.

Foto: Valentin Flauraud (Keystone)

Pandemic drastic drop in sales, missing passengers, Tlanding planes on the ground, Putdegradation and Short-time work: Aviationbranch struggles to survive. According to the World Association Ithey the industry will grow up to 77 billion U in the second half of the yearS-Dollar lose cash. These are 13 Billion Dlook per month or 300000 Dlook pro Minute.

Die Swiss burns according to their own information 1.5 million F.ranken am day. Projected over a year, that’s more than 500 million Ftendril. The Parent company, the Lufthansa-Group loses half a billion euros a month. German Lufthansa reported at the beginning of the month Payouts of 3.2 billion euros for ticket refunds to 7.3 million customers. Another 300 million euros are still outstanding.

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