GB rail industry financial information 2013-14
GB rail industry financial information 2013-14 presents ORR's analysis of the latest financial data from train operators, Network Rail and governments.
Key findings include:
- Passenger income was £8.2bn in 2013-14, a real terms increase of 3.5% from 2012-13. This is partly attributable to a 5.7% increase in the number of passenger journeys. Passenger income represents ticket income from passenger journeys as opposed to non-ticket industry income such as car parking and retail income at stations. Unregulated fares contributed 64% of passenger income and regulated fares contributed 36%. Discounted fares (within both categories) e.g. Advance, Off Peak and Super Off Peak accounted for 42% (£3.3bn).
- The franchised rail industry received £3.8bn of net governments' funding in 2013-14, representing 29% of the industry's total income. Governments' funding decreased by 5.7% compared to 2012-13. Adjusted for inflation, governments' funding reduced by 8.1% compared to 2012-13. The main sources of direct governments' funding of the rail industry were the Department for Transport (£2.6bn), Transport Scotland (£0.8bn) and Welsh Government (£0.15bn).
- Total industry expenditure was £12.7bn, a real terms increase of 0.7% from 2012-13. £6.5bn (51%) was incurred in train operations and £6.2bn (49%) incurred in operating rail infrastructure. Financing Network Rail's debt contributed £1.4bn (11%) of these costs.
- GB rail industry financial information 2013-14 PDF, 1,582 Kb
- GB rail industry financial information for the year ending 31 March 2014 XLS, 457 Kb
- Infographic PDF, 114 Kb
- Press release
Sources of income