Independent journal on economy and transport policy
15:04 GMT+1
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The pandemic brings the SBB CFF SFF SBB rail group into a loss
Half-year revenue down -11.5%
September 10, 2020
The Swiss group pointed out that 2020 had started well for the company, with passenger traffic, for example, that in the first two months had seen an increase of about 4% in demand. In March, however, the crisis caused by the coronavirus Switzerland's global public transport system and the activities of the railway group. In the second SBB CFF SBB SBB lost about half of its revenues from passenger traffic compared to the same year's period. In the first half of 2020, the average passengers transported daily 810,000 units, more than a third less than year-on-year (1.29 million), and the value of passengers-kilometers fell by -38.4%.
If in the first half of 2020 the transport segment resulted in a net loss of -419 million francs compared to a net profit of 124 million francs in the first quarter of the year. half of last year, the half-year result of the SBB CFF FF Cargo goods was also negative and 27.7 million francs compared to a net profit of 27.7 million francs 250,000 francs in the first half of 2019. SBB Cargo International, the company that is 75% owned by SBB CFF SBB and 25% from hupac, filed the first six months of this year with a net loss of -4.2 million compared to a net profit of 1.0 million francs in the first half of In the freight traffic segment, the performance of the goods services in terms of net tons-kilometers marked a down -12.4% with a total of 7.41 billion tkm net compared to 8.45 billion tkm net in the first half of last year.
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The Swiss group pointed out that 2020 had started well for the company, with passenger traffic, for example, that in the first two months had seen an increase of about 4% in demand. In March, however, the crisis caused by the coronavirus Switzerland's global public transport system and the activities of the railway group. In the second SBB CFF SBB SBB lost about half of its revenues from passenger traffic compared to the same year's period. In the first half of 2020, the average passengers transported daily 810,000 units, more than a third less than year-on-year (1.29 million), and the value of passengers-kilometers fell by -38.4%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
