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GTR Southern Rail's parent company posts £100m profits

2 September 2016

Responding to news that troubled GTR Southern rail's parent company, Go-ahead has made £100 million profits TSSA General Secretary, Manuel Cortes said:

"All you need to know about the topsy turvy world of Britain's privatised railroads are contained in this announcement that Go-ahead have met their strategic and financial targets and made £100million in profit.. Delivering passengers to and from their destinations on time, in comfort or even safely has very clearly not been a strategic priority.

"Southern is the largest franchise in the network and is now dangerously overstrained because Go-ahead have made their money by cutting services, cutting trains, cuttiing staff and cutting safety standards whilst passenger numbers have been increasing. Running 270pc over capacity, passenger surveys sow Southern has the unhappiest passengers in the country and the worst industrial relations.

"They have tried to blame staff, unions, weather, leaves or the work at Blackfriars for the failures in service but today the cat is out of the bag, delivering passengers was not a target priority and Go-ahead are laughing all the way to the bank whilst passengers are fed up at being squeezed til their pips squeak.

"And don't forget, Keolis, a French government-owned company have a 35pc stake in Southern so their share of the £100m booty will be invested in their rail system not ours. It's utter market madness.

"Never has the case for returning the rail franchises into public hands looked stronger. We need to end the gravy train for the privateers and bring back railways into the public control so they work in the interests of British passengers and taxpayers, with profits made here invested in rail upgrades and passenger services here."  

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