Iberia CEO: AVE market share weaker on distances greater than 600km

    Iberia CEO Luis Gallego said Renfe’s Alta Velocidad Española (high-speed rail – AVE) “does not have as much market share” as air transport on distances greater than 600km (merca2.es/cincodias.elpais.com, 11-Dec-2019). AVE will enter service on 06-Apr-2020 connecting MadridZaragoza and Barcelona. Mr Gallego also noted the service could represent between 300,000 and 400,000 additional feed passengers in its Madrid hub.