Swiss International Airlines announced its consolidated financial results for the first half of financial year 2020. Global travel and quarantine restrictions imposed on a global scale impacted SWISS' financial results severely for the first half of 2020. Switzerland’s national flag carrier turned in an operating loss of 266.4 million francs ($291 million) in the first six months of 2020 — a figure that pales in comparison to the net profit of 245.3 million francs in the same period last year…
Open a financial newspaper tomorrow and you will not be surprised to read about a retirement fund in trouble - either because the company is going bankrupt or because the fund is no longer large enough to support a growing number of retirees. Surprisingly, this is not the case at…
Launched in 1946, Société Belge des Transports par Air SA, or Sobelair, operated past the turn of the century as a Belgian charter airline. Originalyl named Société d'Etude et de Transports Aerien, or SETA, the carrier operated their first revenue flight on October 15, 1946 with a DC-3 on a flower transport…
