Coronavirus raises costs, reduces ticket revenue at Volán


Volánbusz has faced a couple of 100 million forints of extra costs but also saw its revenue fall by several billion forints because of the coronavirus outbreak, state-owned bus company chairman-CEO Ilona Dávid said on Friday on Kossuth Rádió, according to a report by state news wire MTI.

Up till now the company has distributed around 170,000 face masks and 775,000 gloves to its employees and used more than 80,000 liters of disinfectants.

Because of lockdown measures to fight the virus the bus company has lost around 80% of its passengers but switching to a summer timetable for its services has only reduced their capacity by around 10%, limiting possible savings on operating costs.

Dávid said special health protection measures will remain in force at the company and they do not expect the situation to return to normal this year. In the previous months, Volánbusz has canceled international trips but now they will be restarting trips to Austria, she added.


Karotin Developing Soil Management System in HUF 545 mln R&D... Land

Karotin Developing Soil Management System in HUF 545 mln R&D...

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Graphisoft Introduces Archicad Collaborate Construction

Graphisoft Introduces Archicad Collaborate

Meet the Expat CEO of the Year Nominees Awards

Meet the Expat CEO of the Year Nominees


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.