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19.03.2020

Flight Operations and Activities in Commercial Centers reduced to a Minimum / Flughafen Zürich AG takes necessary Steps to preserve Liquidity

Due to the numerous travel restrictions and regulatory requirements, which have limited the public life in Switzerland significantly, flight operations and activities in commercial centers are reduced to a minimum. Simultaneously, Flughafen Zürich AG has taken extensive steps to preserve its liquidity position.

Swiss International Air Lines will only operate around 40 flights a week for the time being and third-party airlines as well as cargo planes will also provide minimal capacity. The commercial centers are also severely limited due to regulatory requirements. This will have negative consequences for Flughafen Zürich AG; however, the precise impacts cannot be quantified at the present time.

To preserve its liquidity position, Flughafen Zürich AG has implemented the following measures: As of today, short-time working hours were introduced for the entire company and further comprehensive cost- and investment reductions have been taken. In addition, the existing credit lines have been fully drawn, which increases the current cash position to more than CHF 600 million. As a result of the robust balance sheet and the high liquidity level, Flughafen Zürich AG will be able to weather the prevailing difficult situation.

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