BVZ Group maintains revenue despite Middle East conflict impact

The BVZ Group, a Swiss railway and tourism group based in Zermatt, reported that its total revenue for the first half of 2026 remained relatively stable, increasing by 0.4 percent to 112.0 million Swiss francs. Despite this slight revenue growth, profits fell by nearly 16 percent to 11.0 million Swiss francs due to rising costs for infrastructure maintenance, renewal projects, insurance, and personnel.

The company faced challenges stemming from the conflict in the Middle East, which led to travel cancellations from Asian markets. This impact was particularly visible in the Glacier Express business, where revenue dropped by 5.1 percent to 10.3 million Swiss francs. Passenger numbers on the Gornergrat railway also decreased by 3.5 percent to 404,000, though revenue there only fell by 1.9 percent due to higher average earnings per passenger.

In contrast, Swiss domestic guests provided a stabilizing effect. Regional passenger transport via MGB remained stable with 4.9 million travelers, and while passenger numbers dipped slightly by 0.3 percent, revenue increased by 2.6 percent to 36.8 million Swiss francs due to changes in the ticket mix.