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A Swiss Boeing 777-300ER landing in Zurich. (Photo: AirlineGeeks | William Derrickson)

Swiss Posts Steep First-Half Losses

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…