Deutsche Bahn €470 Million in the Red in 2003 | Business| Economy and finance news from a German perspective | DW | 11.03.2004
  1. Inhalt
  2. Navigation
  3. Weitere Inhalte
  4. Metanavigation
  5. Suche
  6. Choose from 30 Languages


Deutsche Bahn €470 Million in the Red in 2003

Germany's rail operator, Deutsche Bahn, lost €470 million ($576 million) in 2003, according to media reports on Thursday. The Handelsblatt business daily pointed to the company's failed attempt to introduce a new pricing system as the chief reason for the losses. A Deutsche Bahn spokesperson refused to comment on the reports, saying a statement would be made on Friday when company CEO Hartmut Mehdorn presents company's annual report. Earlier, Mehdorn announced that Deutsche Bahn's passenger numbers had started to recover in February from a downward trend and that the company was on the way to recovery.

DW recommends