(19 May 2023, 8:31 am)Storx wrote I don't want to be a dick but your just completely wrong here. 

The loss was £1.9m there's no other ways of putting it. 

Capital expenditure doesn't affect the profit and loss at all and just affects the balance sheet so buying electric chargers etc won't change it and as someone said after fuel is hedged. The losses come on the balance sheet as depreciation over the life of the asset (15 years for buses etc) 

Not to mention that there's £11m worth of Covid funds there and Co. Durham has just cut the concessonary pass rebursal rate.

It's grim reading (hence the cuts left, right and centre).

The forthcoming replacement of Bus Recovery Grant by BSOG+ of about only 50% of the value ain’t going to help either…..