Restructuring: Hope at ÖBB

Transport › Rail ♦ 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…

or Log In

Fast News Search
Related News
Scharinger to Enter ÖBB´s Board (April 25, 2012)
Austrian Railways Aims for Expansion in SEE (April 16, 2012)
Austrian Railways: Hope for RCA (March 10, 2012)
Do & Co Takes Over Catering at ÖBB (January 28, 2012)
Austrian Railways Reduced Losses (January 19, 2012)
Read More
OEBB Austrian Railways, Transport Industry, Earnings, Restructuring, Christian Kern
Featured
See latest Vindobona Newsletter