More passenger train profitability: German passenger train operator Deutsche Bahn back in the black

March 24, 2017

From Deutche Welle

German rail operator Deutsche Bahn is back on the success track. After the first loss in more than a decade last year, new CEO Richard Lutz announced a decent net profit for 2016. But many challenges remain.

Publicly-owned German rail operator Deutsche Bahn (DB) said it had returned to profitability. After it booked a loss of 1.3 billion euros ($1.4 billion) in 2015, DB’s new chief executive (CEO) Richard Lutz on Thursday announced a 2016 net operating profit of 716 million euros.

Write-offs, a problematic freight division and the company’s large-scale restructuring had driven the balance into the red in 2015, the first time in more than a decade.

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