09 September 2008 | Jake Kanter
Swiss International Air Lines (Swiss) has written to its suppliers seeking a 15 per cent reduction in costs.
The aviation firm said it consulted with vendors before issuing the letter last month and hopes to work with suppliers to push for other savings. It explained "high fuel prices" and the "weakening economy" were the reasons for its decision.
A spokeswoman for Swiss told supplymanagement.com: "I can confirm that Swiss has sent a letter to the suppliers stating that our target is a 15 per cent cost reduction. We must further improve our cost structure. Doing so will spare us from having to consider reducing the size of our fleet or our route network. In this way we are preparing for the future - together with our partners."
She added that supplier reaction to the letter had been "cooperative" and the airline was working to find other ways to cut costs. This summer Scandinavian Airlines asked vendors for a 10 per cent reduction in prices (News, 19 June 2008).