The Jungfrau Railway Group posts losses but positive EBITDA in first half of the year
The Jungfrau Railway Group experienced a difficult first half of 2020. Covid-19 and the asso-ciated economic consequences were reflected in the business results. In the first half of the year, 100,600 visitors travelled to the Jungfraujoch. That is 78.6% less than during the same period in the previous year. The official order to end the winter season early and the closure of the tourist railways for almost three months led to the first half-year loss in the history of Jungfraubahn Holding AG. The loss amounted to CHF 11.5 million (2019: profit of CHF 23.9 million). Despite the severe effects of the coronavirus pandemic, the Jungfrau Railway Group was able to generate a positive EBITDA of CHF 5.9 million. As things stand, the company assumes that, despite a loss, it can expect a positive EBITDA for 2020 as a whole.