The liberalization of excessive pace boosts ticket gross sales however returns Renfe to losses | EUROtoday

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The liberalization of excessive pace and the phenomenon it has meant for hundreds of thousands of vacationers who use this mode of transport has not introduced excellent news for Renfe. The competitorsn the French low-cost Ouigo and the Italian Iryo have returned the corporate that operates the AVE and AVLO manufacturers to losses after final yr's earnings.

The president of Renfe, White RalI anticipated this Tuesday that the railway firm closed 2023 with losses regardless of registering 522.3 million vacationers, the second highest determine in its historical pastthus exhibiting that “margins are greatly affected” by elevated competitors.

He commented this at an informative breakfast organized by the Executive Forum wherein he starred and wherein he previewed some numbers for the 2023 monetary yr. Blanco indicated that, though the accounts are nonetheless being closed, there might be losses once more. In 2022, Renfe recorded pre-tax losses of 108.6 million, 70% lower than in 2021, and Last April, it recorded its first web revenue in fiscal yr 2023 with 2.81 million.

Blanco commented that, with the railway operator's present figures, three or 4 years in the past when there was no competitors it could have recorded “very wide” margins. The phrases of the president of Renfe now sound aligned with these of the Minister of Transport, scar Puente, which accused the general public operator's rivals, particularly the French Ouigo, of competing with loss-making costs as they had been lined by its public guardian firm from Paris.

The gross working revenue (Ebitda) was round 300 million, as anticipated, when in 2022 it was 292 million, and earnings reached 4,043.4 million in 2023, in comparison with complete earnings of 4,127 the earlier yr. .

“Either we generate Ebitda and more income and are more efficient, or we are going to have problems in the long run,” introduced the president of Renfe, who burdened that the corporate presently has capability, however that it needs to be “more attractive” than the competitors and generate “more profits.” This “does not require traumatic adjustments“he stated, however a job for all staff.


On the opposite hand, the general public firm will elevate its claims on Talgo by demanding larger monetary compensation by means of judicial means to alleviate the lack of earnings that it considers it has suffered in recent times as a result of delay of the Avril trains, which ought to have been delivered by the corporate in July 2022, Europa Press reviews

Sources near the operator have defined that each the declare of 50 million euros for this misplaced revenue in addition to 80,000 euros for every day of delay As of subsequent April 1, further damages requested from Talgo might be processed by means of the courts.

To all this are added the 116.6 million euros claimed from 2022 for the delay within the supply of those very important trains for transport in Galicia and Asturias, an quantity that in that case doesn’t require judicial proceedings, as it’s contained within the situations of the contract.

However, Talgo has turned a deaf ear and assures that Renfe has not made any formal declare about that quantity negotiated within the contract, though in a letter despatched by Renfe to the prepare producer, the operator assures that it has already formalized this request on a number of events. .