Lockdowns hit mass transit in the pocket

Lockdowns hit mass transit in the pocket

The pandemic hit the bottom line of Athens’ mass transit company OASA hard.

According to the 2020 results published on Thursday, turnover was €146.2 million, compared to €191.3 million in 2019. 

EBITDA earnings declined 87.69%, to €3.122 million, from €25.375 million, and the government had to subsidize the public company with €220.747 million, compared to a budgeted €96 million. 

Ticket sales brought in €48.34 million in 2019 from €105 million in 2019 and sales of multiple-trip cards €37.146 million from €59.763 million.

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