Swiss Federal Railways expects to finish 2024 in the black

Swiss Federal Railways expects to land a similar profit for the current financial year as it did in 2023, the chair of the company’s board of directors has told media. Thanks to high passenger numbers, the Federal Railways netted a profit of CHF267 million ($299 million) in 2023. “At the moment, it looks like we’ll achieve roughly the same again,” Monika Ribar told the Schweiz am Wochenende newspaper on Saturday. Strong passenger demand – especially in the second half of 2024 – should lead to a result that exceeds company expectations, she said. + Read more: Swiss are keenest rail users in Europe After-effects of the pandemic In the long term, however, such results will not be enough. The Railways needs to make an annual profit of around CHF500 million to be able to meet its investment requirements and ensure that its debt is sustainable, Ribar told the newspaper. An overhanging burden of some CHF3 billion in debt from the pandemic years “unfortunately does not disappear so easily” ...