Among other things, the company launched its first services within Finland and Greece and significantly expanded its network in Brazil.
Significant growth in all segments
Flix recorded significant revenue and passenger growth in the first half of 2023. The company also reported positive adjusted EBITDA in all operating segments. The figures include FlixBus and FlixTrain as well as the services under the Kamil Koç brand in Turkey and Greyhound in North America.
For Europe Flix carried over 24 million passengers and announced growth of passenger volume of 75% compared to the same period in the previous year. Revenues amounted to EUR 477 million, representing a growth of 91%.
In the USA, Canada, and Mexico more than 5 million passengers used the services of FlixBus and Greyhound equivalent to an increase of 33% in comparison to the same period in the first half year of 2022. Revenues increased by 19% to a total of EUR 279 million.
Over 6.8 million passengers traveled with Flix subsidiary Kamil Koç – 14% more than in the first half year of 2022 – and created revenue of EUR 88 million, which corresponds with a growth of 34%. More than 300 stops are included in the Turkish long-distance bus network.
Also, Flix significantly extended its offer and network in Brazil: Overall, 35 new cities in seven federal states were incorporated into the network, including Salvador and Fortaleza. Hence, FlixBus is now also operating in the North-East of Brazil. FlixBus will launch in Chile in 2023 and is planned to launch in India next year.
Flix continues to rely on travel tech
Flix is committed to setting high standards in travel digitization while staying true to its roots in travel technology through consistent development. Already since the spring of 2023, the online booking platform, as well as the technology from Greyhound, are fully incorporated into the Flix system enabling travelers to search and book travel from either brands’ websites or apps and travel across a more extensive intercity bus network.
Beginning of the fleet transformation: LNG-FlixBuses in Germany
In June, Flix published its first voluntary ESG report and reached one more milestone within its long-term sustainability strategy. The company commits to CO2 neutrality in Europe until 2040 and focuses on fleet transformation.