{"id":180382,"date":"2025-10-29T03:53:36","date_gmt":"2025-10-29T03:53:36","guid":{"rendered":"https:\/\/teknomers.com\/en\/iryo-has-arrived-in-spain-with-a-very-ambitious-plan-to-put-pressure-on-renfe-it-has-just-requested-a-ransom-from-its-italian-parent-company\/"},"modified":"2025-10-29T03:53:38","modified_gmt":"2025-10-29T03:53:38","slug":"iryo-has-arrived-in-spain-with-a-very-ambitious-plan-to-put-pressure-on-renfe-it-has-just-requested-a-ransom-from-its-italian-parent-company","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/iryo-has-arrived-in-spain-with-a-very-ambitious-plan-to-put-pressure-on-renfe-it-has-just-requested-a-ransom-from-its-italian-parent-company\/","title":{"rendered":"Iryo has arrived in Spain with a very ambitious plan to put pressure on Renfe. It has just requested a ransom from its Italian parent company."},"content":{"rendered":"\n<h2>Iryo&#8217;s Struggles in the Spanish Railway Market<\/h2>\n<p>Iryo, the new player in the Spanish high-speed \u00a0railway\u00a0 sector, is facing significant \u00a0challenges\u00a0 in attracting clients. Despite having occupancy rates that surpass those of its competitors, Renfe and Ouigo, the company is struggling to turn a profit. With losses reaching \u00a032 million euros\u00a0 in 2024 alone, following \u00a079 million euros\u00a0 in losses during 2023, Iryo\u2019s financial viability is in jeopardy. The company\u2019s management believes the situation can improve, but they recently reached out to Italy for \u00a0financial assistance\u00a0.<\/p>\n<p><!-- BREAK 1 --><\/p>\n<p><strong>Unprecedented Losses<\/strong>. The financial report for 2024 paints a grim picture for Iryo. While they are determined to achieve \u00a0profitability\u00a0, the operational reality is harsher than anticipated. Their hope for 2025 hinges on significant improvements in client acquisition, but the ability to fill trains currently poses a substantial hurdle. In November 2024, Trenitalia, their Italian parent company, increased its stake in Iryo from \u00a045% to 51%\u00a0, which offers an avenue for additional support and potential stability.<\/p>\n<p><!-- BREAK 2 --><\/p>\n<div class=\"article-asset article-asset-normal article-asset-center\">\n<div class=\"desvio-container\">\n<div class=\"desvio\">\n<div class=\"desvio-figure js-desvio-figure\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>However, the race to attain \u00a0profitability\u00a0 is challenging. Stakeholders like Air Nostrum and Globalia have committed to injecting an additional \u00a015 million euros\u00a0 to mitigate ongoing losses this year. This financial push is part of a broader strategy that previously involved contributions of \u00a044.7 million euros\u00a0 in April of last year and nearly \u00a035 million euros\u00a0 in the summer of 2024.<\/p>\n<p><!-- BREAK 3 --><\/p>\n<p><strong>Occupancy Challenges<\/strong>. One of the critical issues plaguing Iryo is its inability to attract \u00a0passengers\u00a0 effectively. According to data reported by the CNMC, Iryo has recorded the lowest occupancy rates in the Spanish high-speed sector, raising red flags about its market viability. The statistics reveal that routes like Madrid-Barcelona and Madrid-Sevilla show occupancy percentages much lower than its competitors, reinforcing the need for strategic adjustments.<\/p>\n<p><!-- BREAK 4 --><\/p>\n<ul>\n<li>Madrid-Barcelona: Occupancy 96.4% (Renfe 112%, Ouigo 99%)<\/li>\n<li>Madrid-Seville: Occupancy 83.2% (Renfe 93.3%, Ouigo 86.4%)<\/li>\n<li>Madrid-M\u00e1laga-Granada: Occupancy 82.2% (Renfe 93.3%, Ouigo 93.9%)<\/li>\n<li>Madrid-Valencia: Occupancy 70.2% (Renfe 73.3%, Ouigo 88.8%)<\/li>\n<li>Madrid-Alicante: Occupancy 66.6% (Renfe 75.9%, Ouigo 87.8%)<\/li>\n<\/ul>\n<p>Iryo\u2019s pricing strategy further complicates its standing in the market. In most corridors, Iryo&#8217;s ticket prices are higher than those of its competitors, Ouigo and Renfe&#8217;s AVLO service. Only on the Madrid-Alicante route does Iryo manage to undercut its competitors but only by a marginal margin.<\/p>\n<p><!-- BREAK 5 --><\/p>\n<div class=\"article-asset article-asset-normal article-asset-center\">\n<div class=\"desvio-container\">\n<div class=\"desvio\">\n<div class=\"desvio-figure js-desvio-figure\">\n     <img loading=\"lazy\" decoding=\"async\" alt=\"Renfe warns that AVE prices have hit the bottom.\" width=\"375\" height=\"142\" src=\"https:\/\/teknomers.com\/en\/wp-content\/uploads\/2025\/10\/Iryo-has-arrived-in-Spain-with-a-very-ambitious-plan.jpeg\"\/>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>Future Plans<\/strong>. Iryo aims to reverse its fortunes by focusing on \u00a0expansion\u00a0 and operational efficiency. The company\u2019s projections for 2025 include the introduction of new trains designed to increase capacity and establish a more attractive price point. With plans to make key adjustments to its services, Iryo is banking on new strategies that involve lowering ticket prices and optimizing operational costs associated with Adif fees.<\/p>\n<p><!-- BREAK 6 --><\/p>\n<p>Furthermore, Iryo&#8217;s CEO expressed hopes that expanding into \u00a0Galicia\u00a0 might create new revenue streams. However, such plans face significant logistical complications, particularly concerning the availability of trains that can operate both on Iberian and international rail gauges. Currently, the necessary rolling stock to facilitate this is contracted to Renfe, limiting Iryo&#8217;s ability to provide services in this arena.<\/p>\n<p><!-- BREAK 7 --><\/p>\n<p><strong>Industry-wide Difficulties<\/strong>. Iryo isn&#8217;t alone in its challenges. Competing firms, Ouigo and Renfe, also report substantial losses in the recently liberalized market. Ouigo received an additional \u00a025 million euros\u00a0 from its parent company in France to help cover its mounting losses, which were over \u00a040 million euros\u00a0 in 2024. Similarly, Renfe has struggled, with losses over \u00a0120 million euros\u00a0 in 2023, although the company has indicated it is on the path to recovery.<\/p>\n<p><!-- BREAK 8 --><\/p>\n<p>Despite these \u00a0financial pressures\u00a0, Renfe\u2019s area of operations competing with Ouigo and Iryo managed to achieve modest profits, indicating that while the crisis is significant, there remain strategies for potential recovery. The competitive landscape for high-speed transport in Spain remains volatile, and all players must navigate a mix of financial constraints and customer expectations. New strategies, better management, and possible market adaptations may be critical in determining the long-term future of Iryo and other competitors in the landscape.<\/p>\n<p><!-- BREAK 9 --><\/p>\n<p>Photo | <a rel=\"noopener, noreferrer nofollow\" href=\"https:\/\/www.flickr.com\/photos\/194295088@N07\/53155285973\/in\/photolist-2ov3uYp-yGaGW6-yFpZji-yoV4wV-xJwpXT-yD755j-yFpCEc-yoNaPh-yoTHXX-yoP4K1-yG99Ee-yGb8vX-yoMXy7-xJxHwZ-yGayZK-yoVakD-2gdGtkT-2gdGdt4-2gdGsZT-2isjYo7-2gdGdp1-2isnAuz-2gdFYzL-2gdGdLi-2isnArU-2isjYaX-2ndynB8-2oZ9JBP-2oZ9JNR-2oZ8gbu-2pcCDdy-2oZ7cRC-2pcCDfn-2oZ9pun-2qQqhZy-2pcJnjU-2pUZmvy-2oZ8gkT-2oZ4eHW-2oZ8gpL-2oZ9pCt-2oZ7cTb-2oZ7cUt-2oZ4f7B-2oZ9JJh-2oZ9pAj-2oZ7d5o-2oZ9Juj\" target=\"_blank\">Trenduck<\/a><\/p>\n<p>In conclusion, as Iryo navigates these turbulent times, the focus will be on strategic expansions, financial adjustments, and improved market competitiveness. The question remains: can Iryo turn its fortunes around in a rapidly evolving landscape, where both challenges and opportunities abound?<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/teknomers.com\/category\/general\/\" rel=\"dofollow\">General News &#8211; 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iryo&#8217;s Struggles in the Spanish Railway Market Iryo, the new player in the Spanish high-speed \u00a0railway\u00a0 sector, is facing significant \u00a0challenges\u00a0 in attracting clients. Despite having occupancy rates that surpass those of its competitors, Renfe and Ouigo, the company is struggling to turn a profit. With losses reaching \u00a032 million euros\u00a0 in 2024 alone, following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":180383,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36399],"tags":[12721,757,541,37985,3796,5595,1482,3270,31,10764,37916,19469,1694],"class_list":["post-180382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ambitious","tag-arrived","tag-company","tag-iryo","tag-italian","tag-parent","tag-plan","tag-pressure","tag-put","tag-ransom","tag-renfe","tag-requested","tag-spain"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/180382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=180382"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/180382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/180383"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=180382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=180382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=180382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}