According to an unconfirmed word spread by insiders, Swiss CE0 André Dosé met today with the Swiss government (all 7 buddies moving their big heads to and fro under a huge tepee in Bern) to implore them to grant Swiss International Air Lines a Letter-of-comfort.
He told Reuters ten days ago that the Half-a-billion Swiss Francs credit facilty Swiss is yaerning for was «about to be signed». It' hasn't been yet the case. Financial experts say it would at least take four to six weeks to bundle that facility, once the parliament would ok the letter of comfort, a financially binding document in case of bankruptcy (Swiss Tax Payers already had to pour more than a billion in Swiss to allow it to start last year).
Since last Sunday a the big success of the far-right party SVP in the last national parliamentary election made it less than ever likely the parliament would grant that Letter of Comfort.
In the meantime, the new price structure introduced last summer on the Swiss continental network has achieved better SLF, but not up to Swiss expectation. In an interview to the Basler Zeitung on Oct. 25th, the Swiss Sales & Marketing chief did not answer the question whether this new pricing policy brought a relief to the company. Instead of answering, he explained that the September figures were not yet available...
If Swiss has such a poor yield management, which cannot deliver a reliable estimate of the ticket's earnings three weeks after the month closing, no doubt this airline will go down the drain.
Another indication for the chaotic management of this would-be «civilized» airline: 3 days from the expiry of their insurance certificates some A/C are still not provided with the new ones. Up to the pilot to check if he is allowed to fly this A/C!
Might be the reason for Dosé asking for charity in Bern without waiting for the next parliament session
