Restructuring: Hope at ÖBB

TransportRail ♦ Published: April 26, 2012; 22:22 ♦ (Vindobona)

In 2010, Austrian Railways recorded losses of € 330m. CEO Kern could decrease losses to € 28m in 2011. The final turnaround is not achieved yet, Kern says.

Restructuring: Hope at ÖBB / Picture: © Rail Cargo Austria

Last year, Austrian Railways could improve its results substantially. Nevertheless, the loss zone is not left yet. In 2011, the state-owned railway company recorded losses of € 28m after € 329m in 2010. The major part of the recovery was due to the improved business situation in ÖBB´s freight division RCA (Rail Cargo Austria). Even Rail Cargo Hungaria (RCH) showed slight operating…