Michal Krapinec appointed as Czech Railways CEO
The supervisory board of Czech Railways has appointed Mr Michal Krapinec, 35, as ČD CEO and chairman of the board of directors to replace Mr Ivan Bednárik.
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The supervisory board of Czech Railways has appointed Mr Michal Krapinec, 35, as ČD CEO and chairman of the board of directors to replace Mr Ivan Bednárik.
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Illustrative photo: Jiricek72/Pixabay, CC0 Czech Railways says its losses this year could reach up to CZK 5 billion. The estimated losses have been deepened by the second wave of the coronavirus pandemic in the second half of the year, when, like other operators, Czech Railways cancelled dozens of routes and saw a major fall-off in passenger numbers. Other carriers have also reported losses in the hundreds of millions or billions of crowns. Czech Railways spokesperson Radek Joklík told the Czech News Agency that the most significant losses stemmed from fares, after passenger demand fell to a...