{"id":152705,"date":"2024-11-28T19:30:00","date_gmt":"2024-11-28T09:30:00","guid":{"rendered":"http:\/\/www.vibewire.com.au\/?guid=90ad8682bf6ee3aded9a174ba2c9a453"},"modified":"2024-11-28T19:30:00","modified_gmt":"2024-11-28T09:30:00","slug":"train-fare-revenue-rising-slower-than-passenger-journeys","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=152705","title":{"rendered":"Train fare revenue rising slower than passenger journeys"},"content":{"rendered":"

Train fare revenue rising slower than passenger journeys <\/span>
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The Office of Rail and Road has published its Rail Industry Finance statistics for April 2023 to March 2024. \n<\/div>\n
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The latest statistics from the Office of Rail and Road<\/a> (ORR) show that train fare revenue between April 2023 and March 2024 rose by 14% to \u00a310.4 billion compared to the previous twelve months, but at a slower rate than passenger journeys, which rose 16%. <\/p>\n

Funding from the UK and devolved governments towards the operation of the railway was \u00a312.5 billion, down \u00a30.1 billion compared to the previous twelve months. This is a slower rate of reduction than in previous years.<\/p>\n

Income for the operational rail industry, UK, annual data, April 2017 to March 2024<\/strong><\/p>\n

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ORR\u2019s official statistics also include details on the finances of train operating companies. In the latest year, 11 out of 20 franchised train operators were expected to pay dividends totalling \u00a3165 million, an increase of \u00a385 million on the previous year. Publicly owned operators accounted for 13% of this total.<\/p>\n

ORR\u2019s Rail Industry Finance (April 2023 to March 2024) statistics shows a breakdown of income, expenditure and government funding for the UK rail industry. The key findings include:<\/p>\n