Switzerland- Federal Railways posts record losses

3/15/2021 11:41:13 PM

(MENAFN- Swissinfo) COVID-19 has had a major impact on the Swiss federal Railways, which reports a third fewer customers on trains and in stations in 2020 and a loss of CHF617 million ($663 million).

This content was published on March 15, 2021 - 11:52 March 15, 2021 - 11:52 Keystone-SDA/ts

'[The Federal Railways] looks back on an extremely challenging year,' it said in a statementExternal link on Monday at its annual press conference. 'After a good start to the year, the coronavirus pandemic hit [the company] very hard.'

An average of 843,000 passengers were transported per day last year – more than a third fewer than in 2019 (1.32 million passengers per day). Passenger kilometres fell by 40.6%: in long-distance traffic they dropped by 43.7%, and in regional traffic by 32.4%.

Demand in international passenger traffic collapsed even more: by 51.2% in passenger kilometres.

'The sharp drop was due to the measures imposed by authorities to combat the pandemic: many commuters worked from home, while leisure passengers from Switzerland and abroad also travelled significantly less because of restrictions,' the Federal Railways said.

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