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Radio France Internationale
Radio France Internationale
National
Michael Fitzpatrick

French national rail operator vows to reinvest record €2bn profit

SNCF JeanPierre Farandou
A train arrives to Matabiau train station in Toulouse, on December 2, 2022 during a strike organised by SNCF controllers. AFP - LIONEL BONAVENTURE

The French state rail company SNCF made profits of more than 2 billion euros in 2022. The Transport Minister has promised the entire sum will be reinvested in the rail sector, notably to upgrade aging equipment.

Even after deducting the cost of the Christmas strike by ticket inspectors, and reimbursing 200 percent of the price of tickets made useless by that work stoppage, the SNCF is expected to announce record profits of 2.2 billion euros.

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