(30 Sep 2020, 9:56 pm)mb134 wrote 2018 accounts for Northumbria reported a £1.2m profit after tax, so I highly doubt that only Blyth was making "any kind of profit". Most recent accounts for GNE have their profit at £2.8m after tax - so there's not a huge difference (when we take into account that that's only half of ANEs accounts).

Equally, you say that Ashington barely broke even - that'll be why they have (by far) the newest fleet out of the three depots then...

With GNE, you also have to take into account that they've actually made investments in the fleet and built a new depot, so that would take up some of their profits

The fact that Arriva have made little to no investment, and only made £1.2 million in profit is quite worrying.
That's only averaging just over £3,000 profit per day
Or about £18 per vehicle per day (assuming I got my maths right!)