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article imageSwiss train company says volcanic ash increased their profits

By Andrew Moran     Sep 1, 2010 in Business
Geneva - Swiss national railing company, SBB, announced that they made just less than $5 million in profits during the first six months of the year. The company thanked the volcanic ash cloud that forced airlines to cancel hundreds of flights in Europe.
In April, Iceland’s volcanic ash forced many European nations to shutdown their airspace for approximately five days, which affected millions of people worldwide and hundreds of millions of dollars in lost revenue.
On Wednesday, Switzerland’s national train company, SBB, issued a press release and announced that it earned $163.8 million during the first six months of the year, which is an increase of almost a quarter compared to 2009.
SBB said its profits increased by $4.9 million because travellers were forced to take different methods of transportation. Due to Switzerland’s location in Europe and “excellent train connections across the continent,” the company was able to take advantage of the situation.
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