Rhaetian Railway with 10 percent revenue growth in passenger transportation
Published: Thursday, Dec 19th 2024, 14:10
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The Rhaetian Railway expects passenger traffic to grow by 10 percent in 2024. Revenue is expected to rise from 118 million francs in 2023 to 130 million francs this year, as the Graubünden narrow-gauge railroad announced on Thursday.
The railroad was thus able to continue the strong growth of 2023 in passenger transport this year. In 2022, revenue was already at pre-coronavirus levels at CHF 100 million. In 2023, the railroad had already generated 118 million francs and is now expected to reach 130 million francs by the end of the year. This corresponds to growth of 30 percent within two years.
In the press release, the Rhaetian Railway (RhB) expresses some surprise at its own success and speaks of an "unexpected" and unprecedented development. However, this is somewhat clouded by increased "growing pains" and sharply rising costs in a difficult economic and political context.
The railroad refers in particular to a high workload for staff and increasing personnel requirements with correspondingly rising personnel costs. The RhB fleet, which has been renewed in recent years, timetable-related adjustments and service improvements would also result in higher rolling stock and infrastructure costs.
In the slipstream of passenger transport, the Vereina Car Transport and RhB's freight transport have also developed positively in terms of revenue, according to the statement. Overall, the RhB Group expects the result for the 2024 financial year to be in line with the previous year. In 2023, it generated a profit of 13 million Swiss francs.
©Keystone/SDA
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