After a cancellation you can choose a refund or a replacement flight, and you are often owed compensation on top. The exception is when you were told at least 14 days in advance.
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Usually no compensation is due, because weather can be an extraordinary circumstance. The airline has to prove it, though. Care and refund or re-routing are still owed.
No. Compensation must be paid in money. Vouchers only with your signed agreement (Art. 7(3)).
Yes. Switzerland adopted the regulation through the Swiss-EU Air Transport Agreement (SR 0.748.127.192.68). It covers every flight departing from Switzerland, the EU, Iceland or Norway, and flights from a non-EU country into them if the operating airline is from one of these countries.