Volasia

Media Release

SWISS substantially improves its annual EBIT result
Swiss International Air Lines (Group) increased its total income from operating activities
to CHF 3 732 million in 2005 (prior year: CHF 3 642 million). Despite the higher price of jet
fuel, the net result from operating activities (EBIT) before restructuring costs was improved
to minus CHF 14 million (prior year: minus CHF 122 million).
In addition to restructuring costs of CHF 41 million, results for 2005 were reduced by currency
exchange value adjustments (non-cash book losses) of CHF 65 million on outstanding
US dollar-denominated debt. It is principally to these two factors that the higher
year-on-year net loss of CHF 178 million (prior year: minus CHF 140 million) can be ascribed.
SWISS reports a net result from operating activities (EBIT) before restructuring costs of
minus CHF 38 million for the fourth quarter of 2005 (prior-year period: minus CHF 123
million) and a net loss for the period of CHF 97 million (prior-year period: minus CHF 123
million). SWISS held cash and cash equivalents of CHF 558 million on December 31, 2005
(December 31, 2004: CHF 481 million).