Swissair Slashes Jobs And Fares.

Swissair will cut both jobs and ticket prices in an effort to keep flying. 9000 jobs are to go, and special fares are on offer until the 27th October.

The job cuts will apply to Swissair`s 71,000 staff worldwide, with 2,560 losses at the core airline business. Separately Swissair cut prices of economy, standard and business fares in Europe. Economy-class passengers can fly anywhere in Europe for 300 Swiss francs ($190), or anywhere in the world with the exception of Japan for 800 Swiss francs, but travel must be completed by 27th October.

The airline resumed 55% of its scheduled flights on Monday after being grounded last week. By 28th October, Swissair will transfer two thirds of its flight operations to its financially-healthy subsidiary, regional airline Crossair.