The six members of the Extended Management Board of SWISS have resolved to forgo 5% of their salary from 1 July 2013 until the end of 2015.
Their action is being taken in the light of the persisting extreme difficulties that are being faced by the airline business. Yields are still very low, while fuel costs are likely to remain an additional burden for the foreseeable future. SWISS is also facing the further competitive challenge of a strong Swiss franc.
In taking this action, the members of the Extended Management Board of SWISS are also making their contribution to the broader efforts ? particularly under the Lufthansa Group-wide SCORE programme ? to achieve an operating result from 2015 onwards that will keep SWISS both competitive and able to fund its future investments.
Swiss International Air Lines Ltd.
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