SWISS is cutting 3,000 jobs and withdrawing 34 aircraft from service as it battles to remain in business.
The carrier is also slashing the number of seat-kilometres it operates by 35% in a repositioning programme.
As part of the change, the carrier will continue to operate a three-class service on long-haul routes, but will adopt a low-cost model for its European services.
It will still offer a short-haul business product but passengers will have to pay for food and drink in economy class.
Shares in the company were suspended for two days yesterday.
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