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Swiss International Air Lines history
Swiss International Air Lines company history timeline
Swiss was formed after the 2002 bankruptcy of Swissair, Switzerland's former flag carrier.
Utilizing its lower cost structure, Crossair was hoping to break even in 2003 with revenues of CHF 5 billion ($3 billion). The company now had about 10,000 employees, versus the 5,500 it employed before taking over Swissair's operations.
On 3 June 2004, Swiss announced its decision not to join Oneworld because they did not want to integrate their current frequent flyer program into British Airways' Executive Club.
On 22 March 2005, Lufthansa Group confirmed its plan to take over Swiss, starting with a minority stake (11%) of a new company set up to hold Swiss shares called Air Trust.
Until 2005, the airline gathered losses of over $1.6 billion.
Swiss joined Star Alliance and became a member of Lufthansa's Miles and More frequent flyer program on 1 April 2006.
The airline annually halved its losses, and in 2006 recorded a net profit of $220 million.
The net profit for 2007 was $570 million.
In 2007, Swiss ordered nine Airbus A330-300s to gradually replace existing A330-200s and has three-class seating.
Swiss International Air Lines bought Edelweiss Air and Servair in 2008, and formed Swiss Private Aviation.
Payment was in 2008, and the amount depended on how well Lufthansa's shares compared with competitors' shares.
In April 2009, SWISS’s first Airbus A330-300 aircraft entered into service with a new inflight product in all three seating classes.
The first A330-300 was put into service on the flagship Zürich to New York-JFK route in April 2009.
In spring 2010 Swiss operated five A330-300s on medium and long-haul routes.
On 18 August 2011, Swiss introduced a new company logo which resembled the logo of the defunct Swissair.
The remaining four A330-300 aircraft joined the fleet in 2011.
Swiss International Air Lines bought Edelweiss Air and Servair in 2008, and formed Swiss Private Aviation. It ran aircraft similar to Lufthansa Private Jet Services, but was never profitable, and closed down in 2011.
In 2013, the new SWISS aircraft, Bombardier CS100 aircraft, was publicly unveiled and successfully completed its first flight.
In 2014, SWISS will introduce new products designed to enhance the air travel experience for people suffering from allergies: alternative (lactose- and gluten-free) food and drinks and changes to the cabin interior.
Starting 2015, SWISS will gradually replace the existing Avro RJ100 fleet with the new jetliner.
In January 2016, the first Boeing B777 300 was delivered, becoming SWISS’ first Boeing aircraft and new fleet flagship.
In June 2016, SWIS became the launch customer for the Bombardier CS100 aircraft, when its first CS100 aircraft, delivered in June 2016, made its first commercial flight from Zurich to Paris CDG on July 15.
In June 2017, SWISS’ first Bombardier CS300 entered service with its maiden commercial flight Geneva – London Heathrow.
The last remaining Avro RJ100 aircraft completed its last flight from Geneva to Zurich in August 2017.
In February 2018, SWISS introduced new Business Class amenity kits on long-haul flights.
Also sporting an operating base in Geneva, it will celebrate its 20th anniversary in March 2022.
Moving forward, with a new premium economy cabin set to be installed on its whole 777 fleet in 2022, next year looks set to be a big one for SWISS.
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Swiss International Air Lines competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lufthansa | 1953 | $39.0B | 138,353 | 8 |
| Syrian Airlines | 1946 | $130.0M | 3,000 | - |
| Turkish Airlines | 1933 | $12.9B | 31,543 | - |
| Mobile Mini | 1983 | $593.0M | 2,000 | - |
| The Hertz Corporation | - | $9.0B | 38,000 | 2,440 |
| Platinum Cargo Logistics | 2007 | $22.5M | 20 | 4 |
| ED Farrell | - | $560,000 | 4 | - |
| Penske Truck Leasing | 1969 | $8.4B | 36,000 | 200 |
| National Motor Freight Traffic Association | 1973 | $50.0M | 27 | - |
| US 1 Industries | 1993 | $12.0M | 90 | - |
Swiss International Air Lines history FAQs
Zippia gives an in-depth look into the details of Swiss International Air Lines, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Swiss International Air Lines. The employee data is based on information from people who have self-reported their past or current employments at Swiss International Air Lines. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Swiss International Air Lines. The data presented on this page does not represent the view of Swiss International Air Lines and its employees or that of Zippia.
Swiss International Air Lines may also be known as or be related to Swiss International Air Lines.