The market cheers, but Swissair's woes are still weighty

Article Abstract:

The column discusses Swissair's troubles, which are still heavy. The carrier held a meeting on its restructuring and its shares increased 16%, but the airline announced that its net debt was 7.8 billion Swiss francs, compared with ABN Amro's estimate of 6.5 billion Swiss francs.

Securities issued, listed, Liabilities NEC

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Recovery plans of Swissair are expected to upstage loss

Article Abstract:

Swissair Group is expecting to post between 225 million Swiss francs and 365 million Swiss francs in net losses for the 2001 first-half. However, investors will be concentrating on the carrier's recovery plans.

Sales, profits & dividends

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Swissair Seeks Shield From Its Creditors. Attacks Crippled the Already Hampered Carrier

Article Abstract:

Swissair Group, which had been struggling for some time after a failed expansion plan, filed for protection from its creditors, making it the first airline company to do so after the September 11, 2001 terrorist attack.

United States, Organizational history, Economic aspects, Abstract, World Trade Center and Pentagon Attacks, 2001

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