Czech Railways to substantially raise ticket prices this year

Czech Railways (ČD) is set to substantially increase its prices of tickets from December 2022, company CEO Michal Krapinec has told Czech daily Právo. The company director said that the price rise will be close to the current rate of inflation which lies in the double digits, but refused to provide closer details.  He also said that the company is considering adding antennas on its trains for better mobile phone connectivity and may also try to make its website more user friendly.

Mr Krapinec said that the company is currently CZK 32 billion in debt and had ended both of its previous fiscal years with a slight loss. In the first quarter of 2022, the number of people traveling by train was still at just 83 percent of what it had been before the coronavirus pandemic.