Swiss train company SBB says volcanic ash air chaos boosted revenues by millions

By AP
Wednesday, September 1, 2010

Swiss train firm SBB made millions from ash cloud

GENEVA — Switzerland’s national rail company SBB says it earned millions from the ash cloud that paralyzed much of Europe’s airspace in April.

The company says it earned 165.9 million Swiss francs ($163.8 million) during the first six months of the year, an increase of almost a quarter compared to 2009. SBB said Wednesday its profits increased 5 million francs ($4.9 million) as stranded air travelers scrambled to complete their journey by rail.

Plumes of volcanic ash led many European countries to close their airspace between April 15 and 20, affecting about 10 million travelers worldwide, including those at Switzerland’s main international airports in Zurich and Geneva.

Switzerland, which lies in the center of Europe, has excellent train connections across the continent.

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