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Deutsche Bahn: German rail firm kept on track with €2.1 billion bailout

Passengers walk along a platform as a train with the inscription "Do not board" leaves the main station in Duesseldorf, Germany, Tuesday, Aug. 24, 2021.
Passengers walk along a platform as a train with the inscription "Do not board" leaves the main station in Duesseldorf, Germany, Tuesday, Aug. 24, 2021. -  Copyright  Roland Weihrauch / AP
Copyright Roland Weihrauch / AP
By Jona Kallgren
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Deutsche Bahn racked up more than €4 billion in losses during the COVID-19 pandemic.

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Germany's rail operator, Deutsche Bahn, will receive €2.1 billion in bailout cash from the government, with most of the money going to its subsidiary Deutsche Bahn-Netz which handles rail infrastructure.

The aid comes after a catastrophic 18 months for Deutsche Bahn, which racked up more than €4 billion in losses during the COVID-19 pandemic due to fewer passengers.

In October, the company announced a fare hike of 1.9% -- effective December 2021 -- in an attempt to bridge the gap.

The German government had already supported the rail operator with €500 million, but this time most of the emergency funds will go to DB-Netz.

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