Does Japan Rail lose money?

Does Japan Rail lose money? The train company, also known as JR Central, turned in an operating loss of 184.7 billion yen. Both the net loss and the operating loss are the first for the business since it was spun off and privatized in 1987.

What is the bullet train debt of Japan?

JNR also had more than ¥25 trillion in debts due to decades of losing money operating its trains. Along with a few other relatively minor debts, these totaled to ¥32.1 trillion or, in today's dollars, about $550 billion.

Is Chinese bullet train profitable?

Profitability and debt One major concern of the high-speed rail network is the high amount of debt incurred. As of 2022, the China State Railway Group has had a debt of around US$900 billion, according to Nikkei.

Does the Shinkansen turn a profit?

Only a limited number of lines in japan are actually profitable and these lines subsidize the loss making lines. The Japanese Shinkansen bullet trains, commonly known as the bullet train or Shinkansen, operate as a profitable business rather than being subsidized by the government.

Is Shinkansen losing money?

Is shinkansen losing money? NAGOYA, Japan -- Central Japan Railway, which operates the shinkansen bullet train connecting Tokyo and Osaka, on Tuesday reported a consolidated net loss of 201.5 billion yen ($1.86 billion) for the year ended March 31 due to the lack of passenger traffic during the coronavirus pandemic.

Do UK trains make a profit?

While rail workers have had their pay frozen in the same period, DfT data shows that the private train operators made £310 million in taxpayer-funded profits between March 2020 and September 2022.

Is UK rail profitable?

For the 2021/22 financial year, Network Rail recorded a £324M pre-tax profit. That is down from the £1.6bn profit recorded in the previous financial year. The profit dip has been blamed on inflationary-related cost pressures, with revenue only dipping slightly from £9.61bn last year to £9.55bn this year.

What is the most profitable metro in the world?

Hong Kong's MTR Corporation runs the most valuable metro railway in the world. In 2017 it banked US$2.2 billion (HK$17 billion) profit, more than enough to buy seven Boeing 777 jets.

What is the most profitable railroad in the world?

Cumulatively, the top 10 railway companies in the world generated revenue of $237,432 million, with average revenue growth of 0.57%, the highest revenue was generated by Deutsche Bahn AG ($55,666 million), followed by SNCF Group ($41,094 million) and Indian Railways ($27,326 million), while Canadian National Railway Co ...

How did Japan pay for bullet train?

The cost of constructing the Shinkansen was at first estimated at nearly 200 billion yen, which was raised in the form of a government loan, railway bonds and a low-interest loan of US$80 million from the World Bank.

Does the UK have a good train system?

Being one of the busiest railways, it offers more than 25 train operating companies with thousand destinations. Providing passengers excellent facilities and service onboard British trains feature high-speed comfort during a train journey!