The airline will reduce the size of its fleet by 15 jets, including five widebody jets(A330 / A340) and 10 regional jets operated by its regional branch Helvetic Airways, which together hold more than 90 aircraft.
"On the short- and medium-haul fleet front, the reduction in the number of Helvetic Airways aircraft operated on SWISS’s behalf will be proportionately higher than the number of SWISS’s own aircraft withdrawn," the airline said in a statement.
The carrier will also restructure its extensive international network, including reductions in flight frequencies.
"In the future SWISS will be smaller. But it will also be more focused, more digital, more efficient, and more sustainable," said Swiss CEO Dieter Vranckx.
The transformation plan, which will enable Swiss to save USD556 million, will be conducted over the next three years.
The airline said the severe decline in demand during the Covid-19 pandemic forced the management to downsize the fleet along with job cuts.
