Report

Mind the gap! Europe’s Rail Operators: a Comparative Ranking

December 9, 2024

A performing rail system is one of the cornerstones of the zero emission mobility system. Rail climate potential can be maximised if train operators improve their services and the EU and Member States support them with incentives and regulations.

T&E has launched a ranking analyzing 27 European rail operators’ key services. In this page you can go through its main findings.

Overall rail operators do not deliver satisfactory services. But differences between them show that strong improvements are possible. The sector has not managed to sort things out on its own, which is why policy change is urgently needed.

27 European train companies

8 categories

Shared responsibility: The role of national context and infrastructure

We found that rail services in Europe are not satisfactory. Nevertheless, we recognize that rail operators may not always have full control over their performance across each criteria.

For instance, reliability and ticket prices are shared responsibility among operators, the rail infrastructure managers on whose networks they use, and national regulatory authorities. Ticket prices are directly affected by each Member State's VAT rate and the track access charges (rail tolls) set by infrastructure managers, while reliability depends on both operator performance and the quality of rail tracks.

However, certain criteria fall solely within the operators control, such as special fares or discounts for specific groups, ticket availability on booking platforms, and the ease of bringing bikes on board.

The 27 rail operators are ranked based on eight criteria. We selected and weighed these criteria according to their importance to consumers and the number of sub-criteria included. The weighting reflects insights from McKinsey, Europe on Rail, ING surveys, and our own analysis:

  • Ticket prices (25%): Multiple opinion polls show this is the primary factor in consumer decisions. McKinsey found that 49% of the respondents in Europe cited price as the primary factor in choosing a transport mode. In addition, Europe on Rail also found that 73 percent of respondents think that rail travel on the same route should generally be cheaper than air travel.

  • Special fares and reductions (15%): As noted, affordability is key. Special fares make rail accessible to those unable to afford regular tickets, while also helping operators maximise utilisation.

  • Reliability (15%): Reliability is an important consumer priority. McKinsey found that reliability ranks as the second most important factor for selecting a transport mode.

  • Booking experience (15%): Many consumers can be deterred from choosing rail due to poor booking experiences, both before and after ticket purchase. ING research shows that booking an international train journey in Europe has a dropout rate ten times higher than booking a flight.

  • Compensation policies (10%): T&E estimates this reflects the importance of strong compensation policies for price-sensitive passengers.

  • Traveller experience (10%): Journey speed and comfort are among the top factors for McKinsey survey respondents.

  • Night train development and cycling policies (5% each): These criteria assess specific service aspects relevant to a smaller share of passengers.

Key findings

Trenitalia, SBB and RegioJet ranked Europe’s best overall performers

Explore the scrolly and use the drop-down menu to navigate through the eight categories and compare how different rail companies perform

Category: ticket price

Germany’s new rail entrant, Flixtrain, is the most cost-competitive operator in Europe

The high cost of rail travel is the main barrier preventing consumers from choosing trains over planes or cars. Rail can be prohibitively expensive, especially for families. Greenpeace’s report Ticket prices of planes vs trains - A Europe-wide analysis found that rail trips are twice as expensive as flights on average.

Our analysis highlights that Flixtrain, Ouigo and RegioJet offer the most affordable fares while Avanti, Eurostar and GWR rank as the most costly rail operators, as illustrated in the figure below. For routes of comparable lengths, Eurostar is almost two times more expensive than other European operators.

We compared prices of operators based on whether the operators provide public services obligations (PSO), or if it runs open access services (non PSO), and found no significant differences. See the methodological annex for further details.

Ticket prices were calculated by examining average ticket costs on weekdays, both seven and 28 days in advance. We collected only standard fares, simulating one-way trips for a middle aged individual travelling in 2nd class, without optional seat reservation or subscription. Special fares and reductions were analysed separately. To ensure comparability, we adjusted prices using comparative price levels indexes, resulting in a price index in euros per kilometre (€/km).

We recognise that the rail operators do not have the full control of ticket price. Ticket prices also reflect VAT and rail tolls set by national authorities and the infrastructure manager. However, operators remain a primary entity responsible for setting ticket prices, and limited transparency exists regarding the breakdown of ticket prices. Operators are fully responsible for offering special fares and discounts to passengers.

Despite external factors, comparing ticket prices for the same routes shows price differences. For instance, on the Milan to Rome route, Italo offers fares 1.2 times lower than Trenitalia. Similarly, Flixtrain’s fares for Berlin to Hamburg are 5.5 times lower than DB. This illustrates that a portion of the ticket pricing is set by the operator. Additional components of the ticket price include the staff and energy costs, as well as the company’s profit margin.

Expensive tickets do not mean high quality

Our analysis shows that price indexes do not correlate with scores for criteria other than pricing. The figure below demonstrates significant price variability among operators with similar average scores. This suggests that higher prices do not guarantee higher service quality.

For example, despite charging high prices, Eurostar only scored 4.7 for non pricing criteria. Meanwhile, GWR and RegioJet have comparable scores of 6.6 on non-pricing factors, yet GWR’s prices are 6 times higher than RegioJet’s.

Based on our ranking criteria, RegioJet, SNCF, SBB, ÖBB and Trenitalia offer a strong price-quality ratio.

Recommendations to improve ticket affordability

T&E calls on the EU to:

  • Reduce rail tolls for all cross-border trains and night trains and advise Member States to implement similar reductions for domestic journeys.

  • Lower VAT for cross-border trains. Member States should also consider reducing VAT or exempting domestic journeys from it.

Incentivising rail through reducing rail tolls and VAT would be beneficial as it will:

  • Lower the price, making rail travel more accessible to a broader range of citizens.

  • Reduce operating cost for both incumbent and new rail operators, fostering greater competition, which should lead to a higher service quality. Track Access Charges are notably high in the Channel Tunnel or for the high-speed connection between France and Spain.

Category: special fares and reduction

Special fares and reduction: key to provide affordable services to travellers

Rail travel can be expensive, prompting regular passengers to seek discounts for more affordable fares. Rail operators offer special fares tailored to different passenger profiles, often targeted at those who travel outside peak times to attract more passengers. However, there is variation across Europe in the special fares and reduction offered.

Our analysis considers several sub-criteria, including subscription plans, geographical fares, and discounts for specific passenger groups such as by age, for families, and for passengers with reduced mobility.

We found that six operators - BDZ, CP, Hellenic Trains, Italo, Trenitalia and SJ - lead the way in offering the most attractive special fares and reductions. In contrast, low-cost rail operators Flixtrain and Ouigo have the least appealing special fares, which aligns with their low-cost business model and is not necessarily a drawback.

Recommendations to improve special fares and reductions

T&E calls on rail operators to:

  • Offer affordable family and youth fares to encourage the use of rail over private cars, as train tickets for a group can be significantly more costly than travelling in a full car.

  • Introduce frequent traveller cards that incentivise regular commuters to opt for rail for their regular journeys

Category: reliability

SBB wins the medal of reliability

After ticket affordability, reliability is often the main factor influencing consumers to choose rail over private cars or air. In this analysis, reliability covers both punctuality and cancellations, though the causes of these were not examined. Delays and cancellations can be outside of the control of the operator due to extreme weather or lack of maintenance of the infrastructure.

Our findings indicate that Switzerland’s SBB is the most reliable rail operator with Belgium’s SNCB ranking second and the Span’s Renfe taking third place. In contrast, passengers are experiencing frequent delays and cancellations with Germany’s Deutsche Bahn, Portugal’s CP and Snälltåget, a new rail entrant in Sweden. Bulgaria’s BDZ and Hungary's MÁV did not provide any delay data, and therefore received 0 points for reliability. The figure below provides an overview of the reliability ranking.

Recommendations to improve reliability

T&E calls on the EU and its Member States to:

  • Invest in maintenance and upgrade of rail infrastructure, including digital signalling systems like ERTMS, to enhance the reliability of existing rail services.

  • Provide incentives for rail operators to invest in new, modern rolling stock. This could include expanding the Connecting Europe Facility to co-fund interoperable rolling stock acquisition.

T&E calls on rail operators to:

  • Standardise and improve data transparency on reliability, ensuring it is accessible to all. Many operators do not publicly share data on cancellations or offer detailed punctuality metrics, and definitions of delays vary across operators (e.g, 5 minutes vs. 15 minutes).

Category: booking experience

SBB, DB and ÖBB provide consumers with the best booking experience in Europe

We found that SBB, Deutsche Bahn and ÖBB provide the best booking experience overall while ZSSK, Hellenic Trains and BDZ are falling short in delivering a seamless experience. The details for these six operators are shown in the figure below.

Travelling by rail should be as convenient as driving a car or booking a flight. To attract more passengers to rail, the booking experience must be efficient, flexible and user friendly.

The booking experience grade is based on six sub-criteria: booking horizon, ticket cancellation policy, ticket modification policy, availability of tickets on third-party platforms, languages for online booking and mobile application ratings.

Recommendations to improve booking experience

T&E calls on rail operators to:

  • Allow all ticket vendors to resell their tickets under the FRAND terms (fair, reasonable and non-discriminatory).

  • Open ticket sales at least six months in advance to enable travellers to plan ahead.

  • Provide consumers the ability to easily modify or cancel their journey for free until the day of departure.

T&E calls on the EU and Member States to push rail operators to implement these measures by tabling the necessary legislation in 2025, including the Single Digital Booking and Ticketing Regulation and a revision of the Regulation on rail passengers’ rights and obligations.

Category: compensation policy

SNCB, GWR, CP and Avanti have the most generous compensation policies in Europe

Delays can impact the journey of a passenger and when they happen, passengers should be properly compensated. For this criterion, we considered five sub-criteria: automated reimbursement after a delay, compensation policy in English and online availability, the time it takes to request a refund, and the generosity of the refund.

Our analysis found that SNCB, GWR, CP and Avanti offer the best compensation policies in Europe while BDZ, CFR, SBB, Snälltåget and ZSSK have the least favourable policies.

Recommendations to improve compensation policies

T&E calls on rail operators to:

  • Compensate travellers for delays longer than 15 minutes

  • Provide a full refund to travellers for delay from 60 minutes onwards

T&E calls on the EU to revise the Regulation (EC) No 1371/2007 on passengers’ rights and obligation to mandate these changes from rail operators.

Category: traveller experience

SNCF, Trentialia and Deutsche Bahn are providing the best traveller experience

Rail is often seen as a more relaxed way of travelling than using a plane or a car. However, rail operators should continue to strive to provide consumers with the best possible travel experience, enabling passengers to optimise their time onboard.

Our report evaluates the traveller experience based on five sub-criteria: the availability of Wi-Fi, catering options for passengers, the presence of power sockets, and the average speed of trains on studied journeys. While factors such as comfort and cleanliness are important we could not find sufficient data to assess these aspects.

We found that the main European rail operators SNCF, Trenitalia and Deutsche Bahn provide the best traveller experience, while NS, Hellenic Trains and SNCB receive the lowest score in this category.

Recommendations to improve travelling experience

T&E calls on rail operators to:

  • Provide on-board catering to enhance the travel experience.

  • Ensure high quality Wi-Fi for passengers to stay connected.

  • Offer comfortable seats equipped with electric plugs to support in-journey work and relaxation.

  • Ensure fast connections to make rail a viable mode for business travel.

Category: night trains

Half of the rail operators run night train services

Night trains in Europe have been making their comeback over recent years.

Once a common mode of travel, the number of night trains declined sharply, and in some countries, such as Spain, they have disappeared entirely. This limits the ability to travel long distances by night, such as from France to Portugal.

Our analysis shows that the Austrian operator ÖBB and the Romania operator CFR are leading the revival, with 29 and 21 lines respectively.

  • Create Incentives for rail operators to invest in new night train rolling stock, supporting the expansion of services.

  • Establish a supportive regulatory framework, including reducing rail tolls and VAT exemptions, to make the night train business model more viable.

T&E calls on the EU and Member States to:

Category: cycling policy

SNCB and SBB provide the best services to cyclists

Combining rail and cycling is an effective way to address the ‘last kilometre’ issue as, unlike cars, trains do not always bring you directly to your final destination.

The European Cyclists Federation (ECF) highlighted in its 2021 report Cyclists Love trains report that SNCB and SBB lead in bike-friendly rail services. In contrast, it is difficult to travel with a bike on SJ, Renfe, Ouigo, Italo and Eurostar, which have the least comprehensive rail and cycling policies.

The ECF assessed six sub-criteria to grade the companies, including bike spaces on train, bicycle hiring scheme, cost of bike ticket or reservation, booking channels, website languages, and site functionality.

T&E calls on rail operators to:

  • Allow non-foldable and non-dismantled bicycles on all trains.

  • Provide more than the mandated four dedicated bicycle spaces per train, as set by the EU Rail Passenger’s Rights and obligations legislation.

Summary of recommendations

Key actions for improving rail services

This analysis reveals that some rail operators perform better than others, but even the highest-scoring operator only achieved a rating of 7.7/10. Leading operators are still far from providing the optimal service conditions essential for attracting more passengers. Therefore, the recommendations in this report apply to all rail operators, their respective national governments and the EU. Rail operators can improve their services by learning from best practices, while authorities encourage improvements through regulation.

  • 1

    The EU must mandate all rail operators to allow ticket vendors to resell tickets under fair, reasonable and non-discriminatory terms.

  • 2

    Rail operators should offer tickets for sale at least six months in advance

  • 3

    Rail operators should provide attractive special fares and reductions for specific passenger groups, including families

  • 4

    The EU and Member States should reduce rail tolls to lower operating costs to support new rail services and competition

  • 5

    The EU and Member States should reduce VAT on train tickets to reduce ticket prices for consumers

  • 6

    The EU and Member States should invest in maintaining, upgrading, and digitising the rail network to improve reliability.

  • 7

    The EU and Member States should incentivise rail operators to refurbish existing rolling stock and purchase new trains, particularly for night services.

  • 8

    Rail operators should compensate travellers for delays of more than 15 minutes and fully reimburse tickets when delays exceed 60 minutes.

Detailed results

Rail operator ranking: scores per category

Related Articles

View All