EARNINGS AT SWISSAIR ROSE 24.4 PERCENT IN 1989

EARNINGS AT SWISSAIR ROSE 24.4 PERCENT IN 1989

Swissair earned 94.7 million Swiss francs (US$58.8 million) in 1989, 24.4 percent higher than the 76.1 million francs it earned in 1988.

Revenue of 4.8 billion francs was 13 percent higher than 4.1 billion francs a year earlier.As a result of future investment plans, the board of directors will propose a two-step capital increase to shareholders on April 26.

In the initial capital increase, Swissair's partners, Scandinavian Airlines System and Singapore Airlines, will be able to acquire equity holdings in the company, if interested. The second increase will allow existing shareholders to subscribe to a 1-for-20 rights issue.