Follow @dorgang

Follow @snbchf

Home › 3) Swiss Markets and News › 3.) Swissinfo Business and Economy › Swiss Federal Railways reports lower profit, higher punctuality

Previous post Next post

Swiss Federal Railways reports lower profit, higher punctuality

Published on September 9, 2024

See on Internet Archive

by
Swissinfo
My articles My site About me My videos My books
Follow on:Twitter Facebook Google +

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

Generated with artificial intelligence.

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.

This content was published on September 9, 2024 - 12:39

+ 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 Re sees demand for reinsurance rise amid natural disasters

This content was published on Sep 9, 2024 Swiss Re anticipates an increase in demand for reinsurance coverage in response to growing environmental and political risks.

US film wins at Fantoche animation festival in Switzerland

This content was published on Sep 9, 2024 The international festival for animated film Fantoche in Baden attracted 21,500 visitors to its 22nd edition.

Switzerland breaks medal record at 2024 Paralympics

This content was published on Sep 9, 2024 With 21 medals, Switzerland experienced the most successful Games of this millennium.

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

This content was published on Sep 9, 2024 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.

Swiss finance expert defends austerity measures

This content was published on Sep 9, 2024 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.

Hotel rates already spiking ahead of 2025 Eurovision in Basel

This content was published on Sep 8, 2024 A week after Basel was chosen to host the Eurovision Song Contest next year, hotel prices are soaring in neighboring cities.

Swiss Post restructure going ahead as planned, says CEO

This content was published on Sep 8, 2024 The postal service is going ahead with planned cuts to its nationwide network of branches, regardless of political initiatives, says Robert Cirillo.

Swiss athletes grab marathon double gold at Paralympics

This content was published on Sep 8, 2024 Catherine Debrunner won her fifth gold at the Paris Games with a victory in the women’s marathon on Sunday, while Marcel Hug took gold in the men’s.

Helicopter evacuations from Saas Valley to continue on Monday

This content was published on Sep 8, 2024 Some 550 tourists were flown out of the Saas valley on Saturday. After further clearance work on Sunday, evacuations will resume on Monday.

Swiss stock market closes the week in the red

This content was published on Sep 7, 2024 The Swiss Market Index closed the week down a hefty 4.2%, after falling every day since Tuesday.

Full story here Are you the author?

About 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.

My articles My site About me My books
Follow on:Twitter Facebook Google +