Deutsche Bahn (DEB) was in a financial crisis. According to a report by the Federal Court of Audit, this state airline will only need three billion euros for the Bundestag this year.
According to Deutsche Welle, there will be a huge budgetary gap in the DB's budget by the end of 2019, as debts should already exceed the ceiling set by the Committee on Budgets by the end of this year in June.
The carrier is expected to save on the sale of Arriva – 1.8 percent more than in 2017 from the foreign subsidiary, which had a turnover of 5.4 billion euros last year. However, this should not be enough. According to BRH, additional assets may have to be sold ̵
Deutsche Bahn not only has the prospect of fighting debts of up to 20 billion euros, but also the investment needs. It includes the purchase of new trains, the implementation of a digitization program and the construction of a subway station, two stations and new tracks on the line between Stuttgart and Ulm. – This can not be financed from operating profits – warns BRH. DB says, however, that it can solve existing problems. – There is a clear plan for billions in investments in trains, infrastructure and personnel. The financial stability of the DB Group is reflected, among other things, in the consistently good rating on the capital market – according to the statement of the carrier Deutsche Welle.
The huge problems of the DB were already visible last year. They concerned numerous train cancellations, defective cars and finally punctuality. The latter was below 75 percent, as it was assumed that over 80 percent of trains would arrive on time. Only in 2010 it was even worse – then only 72.4 percent of these trains arrived on time (less than 6 minutes late).
At Deutsche Bahn, lack of punctuality is a particularly big problem, as the local rail network is designed in such a way that many main routes in the largest cities of the country are linked. And this means that delays in one relationship can lead to a lack of punctuality in other relationships. – In the past, delays were an exception, now they have become the rule – said the union board of the EVG railways Alexander Kirchner.
Nevertheless, DB recorded a significant increase in passenger numbers on long-haul routes for the fourth time last year – from long-haul passenger trains, which benefited 148 million passengers. It was an increase of 5.7 million over the previous year or 4 percent and a new record. In 2018, freight traffic at DB Cargo fell by 4.8 percent.