(24 Aug 2013, 10:49 am)aureolin wrote You expect price rises, but take 2012 for example. RPI/CPI vs Fare Increases in the same year. Funnily enough, those who can least afford it (Under 16s & Students) are hit the hardest.
RPI - 2.50%
CPI - 2.83%
BuzzFare
1 Zone tickets:
1 Day - 6.67%
1 Week - 6.86%
4 Weeks - 1.67%
2 Zone tickets:
1 Day - 6.78%
1 Week - 7.66%
4 Weeks - 3.85%
3 Zone+ tickets:
1 Day - 6.85%
1 Week - 7.36%
4 Weeks - 2.06%
Get Around
1 Day - 8.57%
1 Week - 6.71%
4 Weeks - 10.00%
16 Weeks - 9.98%
That is a massive increase.
Looking at the data on the website, fuel costs increased by 20% between the FY' 12 and FY' 13.
I can't find data for the increase between FY'11 and FY' 12. It should be available somewhere.
However the increase in fuel between 2012 and 2013, was tempered by the massive cost savings mentioned in another thread with insurance costs etc.
Between FY' 13 and FY' 14, fuel costs are increasing by approx 5%.
Their policy states that fuel is... 'fully hedged for the next financial year three months before the start of that year, at which point we aim to have also fixed at least 50% of the following year and 25% of the year after that. This hedging profile is then maintained on a quarterly basis.' quote from Go-ahead website.
Not sure which conclusion to look at.
Profits increased, fares increased, shareholder dividends increased, fuel costs increased, insurance dropped and services were consolidated, cut or reduced.