GB rail industry financial information 2012-13

GB rail industry financial information 2012-13 presents ORR's analysis of the latest financial data from train operators, Network Rail and governments. 

Key findings include:

  1. Passenger income was £7.7bn in 2012-13, a real terms increase of 3.6% from 2011-12. This is partly attributable to a 2.9% 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 66% of passenger income and regulated fares contributed 34%. Discounted fares (within both categories) e.g. Advance, Off Peak and Super Off Peak accounted for 40% (£3bn).
  2. The franchised rail industry received £4.0bn of net governments' funding in 2012-13, representing 31% of the industry's total income. Governments' funding decreased by 1.4% compared to 2011-12. Adjusted for inflation, governments' funding reduced by 4.2% compared to 2011-12. The main sources of direct governments' funding of the rail industry were the Department for Transport (£2.8bn), Transport Scotland (£0.7bn) and Welsh Government (£0.1bn). 
  3. Total industry expenditure was £12.3bn, a real terms increase of 2.1% from 2011-12. £6.3bn (51%) was incurred in train operations and £6.0bn (49%) incurred in operating rail infrastructure. Financing Network Rail's debt contributed £1.5bn (12%) of these costs.

Further information