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Geneva airport predicts losses for the year

National News // May 13, 2020

Managers at Geneva airport are expecting to make a loss this year and air traffic volumes to fall 10%, taking it back to 2014 levels, even after restrictions have been lifted. 

Photo by 🇨🇭 Claudio Schwarz | @purzlbaum on Unsplash Geneva airport predicts losses for the year

Before the pandemic, the airport was expecting continuing growth. 

The CEO André Schneider says job losses are inevitable. 

Already salaries have been frozen and any bonuses cancelled. The airport employs around 1,000 people. 

It’s likely those on short term contracts will not get them renewed. 

Unions say any job cuts need to come with a redundancy plan and early retirement options. 


 

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