Your Money: ANGER AT RAIL PROFIT.Byline: EDITED by CLINTON MANNING
RAIL chiefs sparked a new "gravy train" row yesterday by revealing a 10 per cent leap in profits.
Stagecoach said its train division made pounds 48.6million in the year to May but it still plans to push up fares on South West Trains.
The group, which also runs 7,000 bus services in almost 100 towns and cities, made nearly pounds 137m, up pounds 16.5m. The news left union leaders livid livid /liv·id/ (liv´id) discolored, as from a contusion or bruise; black and blue.
adj. and angered passengers.
RMT RMT right mentotransverse (position of the fetus).
RMT 1. Registered Massage Therapist 2. Renal mesenchymal tumor general secretary Bob Crow said: "Like all the privatised rail operators, Stagecoach are minting it at the public's expense. It's no wonder their profits are soaring. They get three times the subsidy that British Rail got - it's like winning the lottery every day."
He claimed South West Trains received pounds 92m in 2003-04 and the two Virgin operations, which Stagecoach owns half of, got more than pounds 500m.
Stagecoach said new trains and a revamped timetable had helped improve punctuality Punctuality
completes world circuit at exact minute he wagered he would. [Fr. Lit.: Around the World in Eighty Days]
disciplined family brought up to abide by strict, punctual standards. [Am. Lit. and reliability.
BUSY: South West train