evilwebby
Player Valuation: £50m
it will increase ever year, by 2018 they want to be getting a profit from the rail and putting less in grants, job losses galore and fare rises every year as you know the shareholder will not take a drop.
Of course it will increase year by year - that's the very definition of inflation, and anything that is commodity/energy intensive rises faster than the overall inflation rate.
I suspect the 2018 target to be profitable is much like the national deficit - a moving target that will never actually be met.
You'd think that with improvements in technology they would be able to transport passengers from A to B at a lower cost per passenger than they were able to 10-20 years ago, however without a true competitive market to spur innovation and force efficiencies, all that seems to happen is that the beuraucracy increases and costs increase. Look at air fares and how much they've fallen with so many carriers competing against each other. But if I want to get the train to Brighton I have only one operator that I can use.