First Manchester

[Wright Eclipse]

RE: First Manchester

(21/08/2017 20:35)Dentonian Wrote:  £400,000 still seems very low overall. Its almost like saying Saddleworths, 409, 471, 582 etc (from my journeys off-peak, I doubt 17/18 are making that much) make £390,000 and everything else £10,000 between them. By the same token, if profits are so low, then franchising isn't going to damage the shareholders much more, and from the passengers' (sorry, customers') point of view, franchising might be needed to save their service. Noting you mention 58, which is being cut back to Oldham in a fortnight, and 468 where competition splits revenue.

I`m guessing the cutbacks are due to the overall low profits,i read elsewere that the profits for UK First as a whole could of been worst if the depreciation period for vehicles for certain vehicle types had not been increased (from 15 to 17 years) At a guess,it would be going against Stagecoach/Trams on certain areas that would be eating in the profits the most.

I Also agree that franchising wouldnt make a much worst dent for the shareholders,I Wonder if First would do a u-turn on their views about franchising if it resulted in them gaining a few of the more profitable routes that Stagecoach currently run (I Guess that would also depend on the terms set out by the franchising)