Previous post Next post

Swiss Federal Railways reports lower profit, higher punctuality

Swiss Federal Railways reports lower profit, higher punctuality
Some 1.34 million people travel on Swiss federal railways every day. Keystone-SDA

At CHF50.8 million ($59 million), Swiss Federal Railways (SBB) made only half as much profit in the first half of 2024 as in the same period of the previous year. According to SBB, the main reasons for this were lower revenue in freight transport and higher costs for infrastructure and regional transport.

+ Get the most important news from Switzerland in your inbox

At the same time, SBB recorded a record number of passengers, as SBB announced on Monday. Every day, 1.34 million passengers traveled on SBB trains. This is 0.7% more than in the same period last year.

According to the press release, SBB’s passenger trains were more punctual in the first half of the year than ever before in a first semester. Some 93.8% of trains arrived on time.

+ SBB makes profit for first time since pandemic

According to SBB, punctuality improved in Western Switzerland and the southern canton of Ticino in particular. Some 98.9% of connections were guaranteed.

Translated from German by DeepL/jdp

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to [email protected].

Swiss Federal Railways reports lower profit, higher punctuality

More

New labour agreement for Edelweiss pilots to come into force this year

This content was published on The newly negotiated collective labor agreement (CLA) for cockpit staff at the airline Edelweiss is to be signed this year. According to the pilots' association, the original aim was for the new CLA to come into force in fall 2024.

Read more: New labour agreement for Edelweiss pilots to come into force this year
Swiss Federal Railways reports lower profit, higher punctuality

More

Swiss finance expert defends austerity measures

This content was published on The head of the group of experts for the Swiss government's savings proposals sees his work vindicated by the criticism coming from the right and the left.

Read more: Swiss finance expert defends austerity measures
Full story here Are you the author?
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3.) Swissinfo Business and Economy Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2024/09/swiss-federal-railways-reports-lower-profit-higher-punctuality/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.