Does SNCF make money?

SNCF Group reported a net profit that confirms its growth trajectory despite the current economic and social environment. Business held steady in the first half of 2023, with a rise in rail ridership confirming trains' core appeal for travellers since the end of the Covid pandemic.



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The state-owned company's net profit of €2.4 billion is to be used to modernize the network and reduce the company's debt.

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As things stand, most TGV lines don't turn a profit but are made feasible by subsidies, paid by a state that clearly sees the economic advantages of an extensive high-speed network.

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SNCF is the only company offering national rail transportation because it enjoys a legal monopoly. There are two types of trains: HS trains (TGV) and “normal speed” trains (Intercités or IC). TGV can use both HS and normal tracks, when IC can only use normal tracks.

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SNCF Group now comprises five public limited companies, all wholly owned by the French government. Of these, SNCF Réseau and its SNCF Gares & Connexions subsidiary are responsible for all track and station infrastructure.

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Plans to merge Eurostar and Thalys were launched in September 2019 and approved by the European Commission in late March 2022. The Eurostar Group holding company was founded on 1 May 2022, with SNCF Voyages D?veloppement (a subsidiary of SNCF Voyageurs) taking a 55.75% interest.

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This involved a reduction of $35 billion in the company's debt. The public authorities completed this debt repayment process in 2022 – the debt now stands at €24.4 billion, compared to €60.2 billion in 2019 – by taking over the last scheduled €10 billion.

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TGV is SNCF's high-speed rail service. Carrying passengers across France on trains exceeding 300kmh, TGV train has become one of the most popular modes of transport for travelling around the country.

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SNCF operates almost all of France's railway traffic, including the TGV (Train à Grande Vitesse, meaning high-speed train). In the 1970s, the SNCF began the TGV high-speed train program with the intention of creating the world's fastest railway network.

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The TGV (French: Train à Grande Vitesse, high-speed train; previously TurboTrain à Grande Vitesse) is France's intercity high-speed rail service, operated by SNCF.

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Despite what some may think, the Oui SNCF website is not more official than a website like Kombo. So Oui SNCF is an online travel agency (also called OTA in English for Online Travel Agency), specialized in train and bus tickets booking. SNCF train tickets. The small difference is that it is a subsidiary of SNCF.

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A little more than 17 years after the first Eurostar pulled out of London bound for Paris, the high-speed passenger train service has finally turned a profit. It could also mean the first return for the British taxpayer when Eurostar directors meet later this month to consider a dividend.

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But then, why has the Eurostar train company decided to stop the famous service, coveted by many British people? The company points out financial issues caused by the covid-19 pandemic and new logistics related to Brexit.

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On SNCF trains, First Class seats are more spaced out than in Second Class, although they follow the same arrangement on either sitting at a table of four or two seats next to each other.

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OUIGO is a low-cost rail service company established in 2013 as part of the SNCF group. Unlike the TGV INOUI service, OUIGO trains only have one class, which is equivalent to second-class travel. This is why OUIGO tickets are so cheap - from €10 for adults (depending on the destination) and €5 for children.

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