Tag: Pöchhacker

ÖBB brushes out red ink in 2009

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Business

Austrian Federal Railways (ÖBB) is back in the black after ending a controversial speculative deal with Germany’s Deutsche Bahn (DB).ÖBB said today (Mon) its operating profit had been 121 million Euros in 2009 after it had had 970 million Euros in losses in the previous year.The company however lost 300 million Euros in a speculative […]

ÖBB freight branch’s 2009 turnover deep in the red

Categories
Business

Austrian Federal Railways (ÖBB) supervisory board chief Horst Pöchhacker revealed today (Weds) the firm’s freight business department suffered operative losses of 100 million Euros last year.Pöchhacker said in a radio interview: “Turnover dropped by 500 million Euros due to the exceptional crisis last year, but we already managed to save around 400 million Euros.”He claimed […]