Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's AVE high-speed train breaks ticket records over May 1 weekend

Source: El Pais - Mon 4th May 2015
Spain's AVE high-speed train breaks ticket records over May 1 weekend

Spanish rail operator Renfe's AVE high-speed and long-distance trains broke records on Thursday of last week by transporting 125,467 passengers in a single day, Europa Press reported.

Quoting industry sources, the news service said 8,302 more people used the Spanish rail system ahead of the extended May 1 Worker's Day weekend than they did on the previous record day, March 27 of this year, the Friday before Easter week.

Around 860,000 tickets were up for sale between Thursday and Sunday – 11% more than over a regular weekend period.

The rail company also had to meet demand for an additional 86,000 tickets, mainly on trains linking Madrid and the Costa del Sol, those traveling along the Mediterranean corridor, and those connecting Catalonia and Andalusia.

In March, a study presented by the Foundation for the Studies of Applied Economics (Fedea) concluded that current demand for train services in Spain was not enough to recover the investments made by past and current governments.

But as it approaches a general election later this year, the Partido Popular administration in January announced a €3.5 billion expansion of high-speed rail routes. Of that amount, €285 million will be funded by the EU.

Recommended Reading :

* Spain inaugurates Galicia high-speed line

* None of Spain's AVE high-speed rail lines profitable