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Coronavirus: 2 billion euros shortfall for SNCF

2020-05-02T08:59:38.120Z


After a loss of revenue of 700 million euros in March and 1.4 billion in April, its CEO Jean-Pierre Farandou estimated this Saturday the extent of the economic damage for the public enterprise


SNCF has already suffered a shortfall of two billion euros due to the health crisis caused by the Covid-19 epidemic, said Saturday its CEO Jean-Pierre Farandou.

Read also: Coronavirus: SNCF and RATP faced with the puzzle of respecting distancing in transport

" We are about two billion euros in turnover that we miss " because of the epidemic, he said on France Inter, referring to a " violent shock " accumulating with the billion shortfall suffered during the strike against pension reform. In March, the railway company suffered a loss of revenue of 700 million euros, then again 1.4 billion in April.

Last month, Jean-Pierre Farandou had warned that the SNCF was going to suffer “ heavy losses ” with this crisis of an unprecedented nature. " Our company will experience a major shock ," he said in a message to railroad workers. The long strike against the pension reform at the start of the year had already cost the public company nearly a billion euros.

Source: lefigaro

All business articles on 2020-05-02

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