Austrian Federal Railways

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Austrian Federal Railways

Company type	Aktiengesellschaft
Industry	Transport
Predecessor	Erste Eisenbahnwagen-Leihgesellschaft
Founded	19 July 1923; 101 years ago (1923-07-19) (original) 31 March 2004; 20 years ago (2004-03-31) (current legal form)
Headquarters	ÖBB Unternehmenszentrale, Vienna , Austria
Area served	Central Europe
Key people	Andreas Matthä [de] CEO and Chairman of the board Manuela Waldner Head of Finance[citation needed]
Products	Rail transport, Cargo transport, Services
Operating income	€6,945 million (2019)
Net income	€169 million (2019)
Total assets	€31,254 million (2019)
Total equity	€2,645 million (2019)
Owner	Government of Austria
Number of employees	41.904 (2019)
Divisions	ÖBB-Infrastruktur AG ÖBB-Personenverkehr AG Rail Cargo Austria AG
Subsidiaries	Arverio
Website	www.oebb.at
Footnotes / references [1]

The Austrian Federal Railways (German: Österreichische Bundesbahnen, formally Österreichische Bundesbahnen-Holding Aktiengesellschaft or ÖBB-Holding AG (lit. 'Austrian Federal Railways Holding Stock Company') and formerly the Bundesbahnen Österreich or BBÖ), now commonly known as ÖBB, is the national railway company of Austria, and the administrator of Liechtenstein's railways. The ÖBB group is owned entirely by the Republic of Austria, and is divided into several separate businesses that manage the infrastructure and operate passenger and freight services.

The Austrian Federal Railways has had two discrete periods of existence. It was first formed in 1923, using the Bundesbahn Österreich name, as a successor to the Imperial Royal Austrian State Railways (kkStB), but was incorporated into the Deutsche Reichsbahn during the 1938–1945 Anschluss. It was reformed in 1947, under the slightly different name Österreichische Bundesbahnen, and remains in existence in this form.

Major changes currently being made to the Austrian railway network are the construction of the Koralm Railway, the Semmering Base Tunnel and the Brenner Base Tunnel connection with Italy.

Eurobarometer surveys conducted in 2018 showed that satisfaction levels of Austrian rail passengers are among the highest in the European Union when it comes to punctuality, reliability and frequency of trains.^[2] Furthermore, with their Nightjet brand, ÖBB operates Europe's largest night train fleet.^[3]

Unlike other major railway companies in Europe that offer more flexible cancellation policies, ÖBB only offers two types of tickets: full-price tickets, and cheaper but non-exchangeable and non-refundable tickets.