German rail operator Deutsche Bahn break more records, despite late train blues

From etnewsnow.com; March 28, 2019

Berlin:German state-owned rail operator Deutsche Bahn on Thursday reported record revenues and passenger numbers in 2018, tempered by a decline in punctuality and drop in profits. The red-and-white-liveried company added 5.7 million passengers compared with 2017, transporting a record 148 million people on its main lines in Germany.

Across Europe, 2.6 billion passengers used Deutsche Bahn trains in 2018 — up 17 million on 2017. Overall sales increased by 3.0 per cent year-on-year to 44.0 billion euros. However, net profit fell from 765 million euros in 2017 to 542 million euros as delays, often caused by updating its rail network, again proved to the company’s Achilles heel.

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