Germany's Deutsche Bahn reports a 16-fold increase in net losses to €1.2bn in H1 2024 due to infrastructure issues, construction work, and lower punctuality, causing 62.

Germany's Deutsche Bahn, the state-owned rail operator, reported a 16-fold increase in net losses to €1.2bn in the first half of 2024, due to infrastructure issues, construction work, and lower punctuality. 62.7% of long-distance trains faced delays, affecting passenger numbers and impacting events like the Euro 2024 football tournament. The company aims to improve punctuality and reliability by overhauling 40 of its busiest routes with a €40bn German government investment by 2027.