Taxi sector recovering from pandemic shock

Transport

LaMography/Moni Lazar

The taxi sector is recovering from the shock caused by the coronavirus epidemic, but is still far from pre-epidemic levels, reports business daily Világgazdaság, citing analysis by Opten.

In 2020, the total sales of taxi companies fell by 40% to the level of a decade ago, and their pre-tax profit virtually bottomed out.

That year, nearly 1,500 self-employed taxi drivers returned their licenses, a drop of nearly 30%.

According to Opten's summary, the companies' sales revenue was around HUF 6 billion in 2020, down from HUF 10.3 bln in 2019.

Their pre-tax profit was HUF 800 million in the year before the epidemic, in 2020 it was only HUF 52.4 mln.

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