Iryo celebrate a year with excellent results. The company controlled by the leader of the Passenger Hub of the Fs Trenitalia Group, which operates in the transport sectorhigh speed in Spain, closes its first year of activity with approximately 5,2 million passengers in one year, a train filling rate of 70%, 580 employees and an operational break-even expected between 2025 and 2026.
Iryo's results
After the first services between Madrid, Barcelona and Zaragoza, inaugurated a year ago, from 16 December 11 pairs of trains began connecting Madrid, Valencia and Cuenca daily. Then, on 31 March 2023, the service reached the Iberian cities of Seville, Malaga, Antequera and Cordoba, to which Alicante and Albacete were added from 2 June.
Iryo also achieved important ones awards: as an innovative company in land transport received in Alicante by the Asociación de Relaciones Empresariales del Mediterraneo (REM) and the title of 'Empresa del año' by Capital magazine.
Furthermore, in its first year of life the Spanish company also focused onintermodality of transport through various agreements signed with companies in the tourism and transport sectors to offer combined tickets and integrated travel experiences.
Future prospects and investments
Looking to the future, the company of the Group led by Luigi Ferraris has planned new goals quite ambitious. Including the commissioning from 2026 of three new Frecciarossa high-speed trains and new Barcelona-Seville connection starting next December 10th. With an investment of 800 million euros, the Spanish Trenitalia company operates among the main Iberian cities thanks to the award of package B - the second for the highest number of frequencies after that assigned to Renfe - in the tender launched by ADIF in November 2019 for the liberalization of Spanish rail transport.
FS Group in Europe
The FS Group, as well as in Spain, is present in France with Trenitalia France; in UK with Avanti West Coast and c2c; in Greece with Hellenic Train through urban, suburban and medium and long-distance connections; in Germany with Netinera, regional passenger transport operator, and with TX Logistik, logistics operator, and nei Netherlands with Qbuzz, road transport operator.
