Business • Economy
2020-05-02T20:06:21+00:00

French state railway SNCF estimates a loss of 2 billion euros due to Covid-19

French state railway SNCF estimates a loss of 2 billion euros due to Covid-19
A SNCF TGV inOui Reseau Duplex at Paris Gare de Lyon Credit: Superalbs (Creative Commons Attribution ShareAlike 4.0)

“The virus, for the moment, means we’re missing about 2 billion euros in revenue,” SNCF Chief Executive Jean-Pierre Farandou told France Inter radio. “It wouldn’t be abnormal to think of an aid plan for the SNCF,” he added.

Public transport operators reduced their service after France decided to curb non-essential travels in mid-March. While the lockdown will progressively be lifted from May 11, it is unclear when train traffic will return to normal.

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