mike57
Established Member
An article on the BBC News website suggesting that TOCs will require a bailout.
https://www.bbc.co.uk/news/business-51896169
https://www.bbc.co.uk/news/business-51896169
I traveled back from Chester Thursday evening, leaving Man Vic on 16:30 for Scarborough. Train seemed significantly less busy than usual. So probably a further drop in revenue for companies who are already struggling.The government is in talks with rail bosses to put emergency measures in place to deal with falling passenger numbers after the coronavirus outbreak.
Some train operators were already losing money but fewer fares will put even more pressure on their finances.
A senior industry source said fairly drastic measures might be required for train companies to survive.
At an industry meeting last week, passenger numbers were said to have fallen by up to 18% on certain lines.
However, another industry source acknowledged that the fall in passengers could be significantly higher.
Last edited by a moderator: