(28 Oct 2023, 10:38 am)col87 wrote Well it seems to me the current management are doing there best to kill off go north east. I do not see this ending very well and if I was Stagecoach Arriva or of the independents i would be using any loophole i could to be setting up services in the areas most affected and trying to do it on an emergency basis with a view to it been permanent and nicking Go North East’s passengers.
In theory you would think Go North East would be doing everything to make it don’t last 12 weeks but i get the impression the current management don’t care to much so i have to wonder if someone higher up from the Go Ahead will eventually step in to try sort something out. Passengers in the meantime are going to make do or find alternatives to get about so while a majority will go back to using them when services are restored they is likely going to be a drop in passengers
Other companies simply don’t have the drivers (or buses) to do this
(28 Oct 2023, 10:09 am)streetdeckfan wrote Would they really be in any worse of a situation?
It seems like running the buses is more expensive than not.
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I’m very suspicious of the losses posted by GNE.
Given it’s a company within a company and the parent is making money, can it be demonstrated that payments aren’t made to the parent company, that end up pushing the wholly owned company into a loss. (Payments for services, lease of vehicles or whatever).
Plus. What has general mismanagement cost? I’m particularly thinking about the costs associated with the closure of C-le-St?
I have not studied the accounts posted so honestly don’t know. Can anyone elaborate?