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Old 9th Nov 2004, 17:17
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ettore
 
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Update: Swiss CEO Franz' forecast in the aeropers bulletin dates back to Oct. 6th, when the interview took place.

In the meantime, Jet A-1 did not get cheaper and Swiss having no hedging on its fuel, the bill will be higher as expected.

It means that the 100 to 200 millions Swiss francs estimated losses for 2004 are more likely to be 200 to 300 millions or more.

Next financial result (3rd quarter) is to be published on Nov. 16th.
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