UK Parliament / Open data

High Speed Rail (Preparation) Bill

Has the Secretary of State had an opportunity to look at the financial results released by Virgin Trains this morning? They indicate that profits are down by 40.5% but revenue is up by 2.8%, which is roughly the same rate as the fare increases, so the passenger increase must be very small. It says that it has now increased capacity by 40%, and this month it started a major advertising campaign to attract passengers. Does that sound like a railway line that is full to capacity?

Type
Proceeding contribution
Reference
565 c339 
Session
2013-14
Chamber / Committee
House of Commons chamber
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