CFF points to major challenges in near future Bern, Switzerland (GenevaLunch) – The present looks rosy, but the future less so, Switzerland’s CFF rail company indicated Friday oring 16 April in its annual report. Traffic rose in 2009, more passengers arrived on time, and profits were up, but the company says heavy investments are necessary […]
profits
Airline losses will be lower than forecast
Worldwide improvement is concentrated in Asia, Latin America Brands, not flags, must guide the industry to profitability, says Iata head Geneva, Switzerland (GenevaLunch) – The airline industry is expected to have an overall loss of $9.4 billion for 2009, according to Iata, the Geneva-based air transport industry organization, which released new figures Thursday 11 March. […]
Geneva’s Cointrin Airport still flying high
Geneva,Switzerland (GenevaLunch) – Cointrin International Airport in Geneva shows no signs of suffering from the global economic downturn, with 2008 results showing a record year in terms of profits. The airport’s newly released figures show profits up 17 percent to CHF61 million, with turnover up 7 percent to CH300 million. The airport’s income was nearly […]