GB rail industry financial information 2011-12

GB rail industry financial information 2011-12 presents ORR's analysis of the latest financial data from train operators, Network Rail and governments. Key findings include:

  1. Passenger income was £7.2bn in 2011-12, an increase of 8.7% from 2010-11. This is partly attributable to a 7.2% 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.
  2. The franchised rail industry received £4.0bn of net governments' funding in 2011-12, representing 32% of the industry's total income. Governments' funding decreased by £19m (0.5%) compared to 2010-11. Adjusted for inflation, governments' funding reduced by 5.4% compared to 2010-11. The two main sources of direct governments' funding of the rail industry were the Department for Transport (£3.1bn) and Transport Scotland (£0.7bn). DfT funding decreased by £70m (2.2%) in 2011-12 compared to 2010-11, and Transport Scotland funding increased by £60m (9.7%).
  3. Total industry expenditure was £11.6bn, an increase of 2.9% from 2010-11. £5.9bn (51%) was incurred in train operations and £5.7bn (49%) incurred in operating rail infrastructure. Financing Network Rail's debt contributed £1.5bn (13%) of these costs.

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