Israel Railways concluded 2019 with a profit of NIS 36 million

Israel Railways concluded 2019 with a profit of NIS 36 million, compared with a loss of more than NIS 330 million in the previous year - according to the financial reports released by the company today (Thursday). The company's total revenue was NIS 2.5 billion in 2019, compared with 2.43 NIS billion a year earlier.
The company's operating profit also increased in 2019, amounting to NIS half a million, compared with an operating loss of NIS 48 million the previous year. 2018 was exceptional in terms of company profits, and was characterized by particularly high losses, which led, among other things, to the dismissal of former CEO Shahar Ayalon.
In 2019, there was an increase in the passenger passenger sector, which is the company's main source of income. The number of trips jumped to 69 million, with a 1.9% increase in passenger numbers, compared to 2018. However, 2018 was considered a relatively weak year for passengers due to the inauguration of the Jerusalem line in October 2018, where carriages were converted from a much more sought-after coastline. The number of passengers on the train has risen 14% over the past three years.
The average train accuracy in 2019 was 90.8%, compared with 91.6% in 2018. The railways claim that this figure is affected, among other things, by the labor disputes that led to service damage in the first half of the year. An analysis of the gap in the accuracy indices between the first half and the second shows that in the second half of 2019, there was indeed an improvement in the accuracy level - 92.2%.
The accuracy is also significantly affected by the acute shortage of carriages, especially in coastal and Ayalon roads, where there are now only three rails, although 80% of the lines pass through it.