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RE: GNE accounts
(20 May 2023, 6:41 pm)Dan wrote The new executive team in place at Go North East seem far more cost-focused - this is evident through a distinct lack of repaints/refurbishments, spend on discretionary items, the early termination of some loss-making contracts, and a well-publicised restructure of clerical staff and management.

The company is very clearly now in a turnaround. I suspect it will be a long time before any “gambles” to improve revenue will be taken - new fare initiatives, network changes, or otherwise.

The fact operators will only receive around 50% of the Government support they currently receive from 1 July, paired with alleged reductions in ENCTS payments from local authorities (as has been suggested is the reason for impending cuts at Arriva) won’t do any good at all for the profits of any operators in the region.


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In a turnaround? Fares are too cheap…uh huh….ok….

Until we get back to a point of public service being properly supported (and properly operated with that cash) and spend less time worrying about a faceless corporate entities profits then nothing will improve. It’ll be interesting to see how Liverpool and Manchesters franchised networks work out and whether we can follow that model regionally alas, I’ve even less faith in our regional leaders and nexus/Gannons whingy transport coalition than I do in GNE
Wistfully stuck in the 90s

GNE Accounts
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