LNER (Formerly Virgin Trains East Coast & East Coast)
LNER (Formerly Virgin Trains East Coast & East Coast)
Despite National Express taking millions of pounds in handouts, they couldn't make money, Sea Containers took a few quid in subsidies too and couldn't turn a profit.
The nationalised East Coast franchise has just announced profits today of £208.7m for the last year.
They also announced a £2.2m investment into their wifi infrastructure last week - whilst also receiving seven times less than Virgin in Government subsidies...
If there is ever an argument to keep the railways in public ownership - then just look at those grey trains roaring up and down the country.
www.standard.co.uk/business/business-news/nationalised-east-coast-line-returns-209m-to-taxpayers-8865929.html
www.theguardian.com/uk-news/2013/oct/07/east-coast-rail-dividends-taxpayers