DB posted a loss after taxes of EUR 3.7 billion

The corona pandemic has brought Deutsche Bahn a deficit for the first time since 2015. In the first half of 2020, the Group posted a loss after taxes of EUR 3.7 billion. Revenue fell by 11.8 percent to EUR 19.4 billion. In the first six months of 2019, DB had posted a profit of EUR 277 million.

DB CEO Dr. Richard Lutz expects that Corona pandemic will bring  revenue shortfalls of EUR 8 to 10 billion for the five-year period until 2024. “We will bear half of this,” he announced yesterday (30 July) at a conference call with media representatives.

DB is also sticking to its planned investments. 30 new ICE units will be added in 2022. “We believe that this will pay off,” said Lutz. The fleet will grow by 20 percent, he said, and this is a major step towards a more robust railway.