New Swiss airline still struggling

Swiss International Air Lines saw losses narrow in 2003 after the airline formerly known as Swissair said it faced daunting challenges in 2004.

Restructuring, which has included reducing the size of its network and fleet and cutting 3,000 jobs, had helped trim operating losses to CHF497m (€315m) from CHF909m (€577.43m) during the same period in 2002.