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US Bahn drives billions loss - flood disaster comes

16:10  28 july  2021
16:10  28 july  2021 Source:   de.reuters.com

Angela Merkel's successor caught laughing on camera while visiting devastating German flood scenes

  Angela Merkel's successor caught laughing on camera while visiting devastating German flood scenes Armin Laschet, the frontrunner to succeed Angela Merkel, apologized on Saturday after he was caught laughing during a flood-related press conference.Germany and Belgium have both been hit by historic flooding this week, which has destroyed entire towns and killed more than 180 people, with many more unaccounted for, Reuters reported.

- by Markus Wacket

ARCHIV: Das Logo der Deutschen Bahn vor dem Bahnhof des Köln-Bonner Flughafens, Köln, Deutschland, 28. Juli 2020. REUTERS/Wolfgang Rattay © Reuters Archives: The logo of Deutsche Bahn in front of the train station of the Cologne-Bonner Airport, Cologne, Germany, July 28, 2020. Reuters / Wolfgang Rattay

Berlin (Reuters) - Deutsche Bahn does not come from the red numbers in the Corona crisis.

In the first six months of the year, there is a minus of more than 1.4 billion euros, as indicated by group documents, the Reuters news agency on Wednesday. Above all, long-distance traffic with ICE and IC was responsible. Here, the train had followed its trains, despite low utilization, at the request of the federal government without major restrictions. After all, the loss in the general group remained significantly below the previous year's value of 3.7 billion euros, which, however, increased special effects such as depreciation. In addition, the company now has to fix the billions of damages of the flood. In addition, a strike of the engine driver union GDL threatens. The train wants to introduce your half-year balance on Thursday.

Bahn damage: Using tickets later or cancel

 Bahn damage: Using tickets later or cancel The Deutsche Bahn extends the opportunity to later use and free return of tickets. After the most recent stand, all distance traffic tickets retain their validity for routes that are affected by the 14th and 20th of July. The train informed about it on Monday. © Sebastian Schmitt / DPA / DPA-TMN The flood has massively disturbed rail traffic. The tickets can be used flexibly up to seven days after trouble-ending or canceled for free.

How very especially the passenger traffic is burdened by the state company, the view of the division shows: Daughter long-distance traffic with IC and ICE alone made a loss of operation of more than 1.1 billion euros. In this result (EBIT) interest payments on loans and taxes are not yet taken into account. In the pandemic, the utilization of the trains was at times only 20 percent, before it was over 50 percent. The corona effect on sales of the division accounted for the company in the documents to around 430 million. Depreciation on the new ICE 4 trains additionally burdened. In the end, long-distance traffic in the first half of the year had more losses than sales.

Spedition Schenker mitigates Group loss

that the loss of operation (EBIT) in the overall company with 975 million euros was only about half as high as in the same period of the previous year, was owed to other daughters: The worldwide Spedition Schenker made significantly more profit and also the rail network posted a plus. Although the stripped freight rail DB Cargo was still well received by 200 million euros loss, this was a clear improvement compared to 2020. It benefits from new demand, as more and more companies were climate-friendly. These effects in total were also reflected in Group sales, which, according to the documents, was more than ten percent higher with around € 21.8 billion than in the previous year. According to previous information, the railway for the full year 2021 accounts for a turnover of 41 billion and a loss of operation of two billion euros.

scammers use flood disaster for incorrect donations from

 scammers use flood disaster for incorrect donations from with counterfeit Internet shops and donation calls have apparently exploited the flood disaster and brought people to money. © Marc Bruxelle / Shutterstock Scammers Benefit Flood Disasters For False Donations Calls from In three cases, suspected scammers have offered such as building dryers in the network, as the police reported in Cologne and Bonn on Monday. After sufferers ordered there and paid in advance, the companies were no longer available by phone.

Location for Deutsche Bahn Even before Corona Critical

The situation at Deutsche Bahn was critical for a long time before the Corona crisis. Material and personnel defects pressed on punctuality especially in the distance but also in freight traffic. The debts are now around the 30 billion euro border and the Group needs further help from the owner state. As Corona help and from the climate package, the Federal Government had placed over ten billion euros. Due to possible disadvantage of rail competitors, however, the EU Commission is hesitant with the approval.

Other loads could be sent to the railway through the Collective Tariff Conflict with the Head Locer Union GDL. While the larger rail and traffic union had approved a remedial tariff contract, the GDL rejects these. She threatened with strikes for August, but has not yet mentioned exactly time.

2 German regional officials investigated over flood warnings .
BERLIN (AP) — German prosecutors said on Friday that they have launched formal investigations into whether two regional officials failed to properly warn residents ahead of last month's floods that killed 141 people and injured hundreds more. Prosecutors in the western city of Koblenz said investigations so far had confirmed an “initial suspicion” of negligent homicide and negligent bodily harm against the regional administrator in nearby Ahrweiler county. At least 141 people died and more than 700 were injured in the Ahr valley on the night of July 14-15. Dozens more people died in other parts of western Germany and neighboring Belgium.

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