Lon­don Mid­land records growth in rev­enue and jour­neys made

Rail (UK) - - Network News -

Pas­sen­ger rev­enue for Go-Ahead for the pe­riod from Jan­uary 1 to April 19 grew by 6% for Lon­don Mid­land and 3% for South­east­ern, but fell by 5% for Govia Thames­link Rail­way (GTR).

The num­ber of pas­sen­ger jour­neys also fell for Go-Ahead’s two South­ern Eng­land fran­chises, by 0.5% for South­east­ern and 3.5% for GTR. How­ever, the num­ber of jour­neys made on Lon­don Mid­land rose by 4%.

A cost efficiency pro­gramme is be­ing im­planted on South­east­ern to off­set ex­pected rev­enue short­falls un­til the con­tract ends in De­cem­ber 2018. LM is ex­pected to make profit share pay­ments to the Depart­ment for Trans­port un­til the end of the fran­chise in Oc­to­ber 2017.

In its third quar­ter trad­ing state­ment re­leased on April 20, Go-Ahead claims that ser­vice lev­els have “sta­bilised” on GTR de­spite in­dus­trial ac­tion. It adds that it is in dis­cus­sions with the DfT re­gard­ing “a num­ber of con­trac­tual vari­a­tions”, and that it ex­pects any im­pacts on prof­itabil­ity to be con­sis­tent with guid­ance is­sued in its in­terim re­sults.

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