Geez didn't they just do this a few months ago? Strange, lately it's been in the news that more people are flying swiss than last year, or how the airlines put it, 'their load factor is up'. Apparently like a lot of airlines these days, they are having trouble making a profit. swiss even recently received a large injection of cash from the banks to keep it running.

Associated Press
Switzerland's National Airline to Cut Jobs
Tuesday January 18, 8:53 am ET
By Peter Hody, Associated Press Writer
Switzerland's National Airline Announces 1,000 Job Cuts Under New Cost-Saving Plan


ZURICH, Switzerland (AP) -- Switzerland's struggling national airline will cut up to 1,000 jobs and shrink its fleet by 15 percent as part of a second wave of restructuring aimed at saving $250 million a year and restoring the company's health.



Swiss International Air Lines also said Tuesday it will downgrade its operations at airports in Geneva and Basel, with partner airlines taking over these flights, while the Swiss carrier focuses on its Zurich hub.

http://biz.yahoo.com/ap/050118/switzerland_airline_5.html

And again...

http://www.swissinfo.org/sen/swissinfo.html?siteSect=161&sid=5519754

And again. (Oops, I had put this one on the wrong thread).

http://www.nzz.ch/2005/02/15/eng/article5538252.html

And again:

http://www.bloomberg.com/apps/news?pid=10000085&sid=azghhgSKEsiY