Future of the ‘Big Three’
Future of the ‘Big Three’
(06 Jan 2022, 1:09 pm)streetdeckfan It's not all about how much profit they're making though, Arriva may be making more money, but they're also not making any investments into the services. So when the time comes to update the fleet they're going to have to spend big, and I'd guess very little of that profit has been staying within ANE for them to make those investments. GNE on the other hand, has been continually making investments in the fleet
Looking at Arriva County Durham's accounts, which went up yesterday, they went from making a gross profit of £6.2m to a loss of £4.5m, although due to government grants of £11m, they still made a profit of £1.3m, compared to GNE's overall loss of £4.6m since it seems GNE only received around £4.5m in government grants.
I just skimmed them so feel free to double check!
(06 Jan 2022, 1:09 pm)streetdeckfan It's not all about how much profit they're making though, Arriva may be making more money, but they're also not making any investments into the services. So when the time comes to update the fleet they're going to have to spend big, and I'd guess very little of that profit has been staying within ANE for them to make those investments. GNE on the other hand, has been continually making investments in the fleet
Looking at Arriva County Durham's accounts, which went up yesterday, they went from making a gross profit of £6.2m to a loss of £4.5m, although due to government grants of £11m, they still made a profit of £1.3m, compared to GNE's overall loss of £4.6m since it seems GNE only received around £4.5m in government grants.
I just skimmed them so feel free to double check!
