Leo Express (Renfe) posts 5% revenue growth and eyes 6 million passengers in 2026
Executive summary: Leo Express (Renfe‑owned) reported €42.5 million revenue in 2025, up 5% year‑on‑year, with passenger numbers rising 19.2% and a target of six million passengers for 2026. The result signals a robust post‑pandemic rebound for the operator, highlighting growing demand for rail travel and potential for expanded services and investment. Leo Express, its majority shareholder Renfe, passengers, and the broader tourism sector. Further fleet upgrades, possible new cross‑border routes, quarterly passenger updates, and monitoring of fare adjustments to match demand.
Leo Express, the Czech train operator majority-owned by Spain’s Renfe, reported a 5% rise in 2025 revenue to €42.5 million, driven by a 19.2% jump in passenger numbers. The company says it is on track to welcome six million travelers this year, reflecting a solid recovery in Central‑European rail demand and stronger cross‑border tourism flows.
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