Swiss Outperforms as Lufthansa’s Network Division Lags

SWISS delivered a solid first-half performance in 2026, posting adjusted EBIT of CHF 189.3 million on revenue of CHF 2.77 billion despite higher fuel and maintenance costs. The Zurich-based carrier remained profitable in a tougher operating environment, with passenger numbers rising to about 8.5 million even as flights fell 4.1% to just over 67,400.

The result compares favourably with Lufthansa Group’s network-airlines segment, which covers Lufthansa Airlines, SWISS, Austrian Airlines and Brussels Airlines. The division reported adjusted EBIT of €137 million in the second quarter, underscoring the stronger relative performance at SWISS within the group’s network operations.

Fuel costs surged by roughly 50% between April and June, while maintenance spending also remained elevated. SWISS characterised 2026 as a transition year as it worked through cost pressure and broader geopolitical disruption. On-time performance held at 72.4%, while operational reliability eased slightly to 96.7%.