(29 Oct 2023, 7:00 pm)Andreos1 wrote In the first point, isn't the deficit between the standard fare and £2 fare being reimbursed by the Government?
Just for context, https://www.bbc.co.uk/news/uk-england-67248853 they were apparently carrying approx 2000 pax per day prior to the strikes.
I'm not too sure how that is all worked out to be honest, just used it as an example for easy maths to show the growth needed. I had thought that it was based on passenger numbers/revenue before the introduction, with the reviews to reflect any growth that the £2 fares have had?
Looking at it another way, though, their All Zones day ticket is £7.50 on the app. They'd need an extra 2500 of those sold per day to get in the £19000 of extra daily revenue needed to pay for the pay increases.
On the passenger numbers, I can only see 175,000 per day stated in that article? "As one of the main bus operators in the area, the company has a fleet of almost 700 buses and coaches and said about 175,000 people usually boarded its services each day.".