Swiss International Air Lines today brought forward thepublication of nine-month results amid media speculation on job cuts as part of cost reductions.
Swiss was created from former regional carrier Crossair andtwo-thirds of the fleet of Swissair, which collapsed in October 2001 under a mountain of debts.
Swiss International's shares closed 2.3 per cent lower at32.25 francs today, for a loss of 28 per cent so far thisyear.
Public authorities and a raft of Swiss companies have giventhe airline a 2.7-billion-Swiss franc capitalinjection and the firm has pledged to reach breakeven in 2003after a budgeted loss of 1.1 billion for 2002.
After a board meeting this afternoon, Swiss said itwould hold a news conference on the third-quarter results andits outlook for 2003 tomorrow.