SWR could be stripped of its franchise after £137m loss
Sounds sensible to me!"In the company's accounts from December, directors said ongoing discussions with the Department for Transport (DfT) could result in the "termination of the contract within the next 12 months" and "services being transferred to a publicly-owned operator". Filings uploaded to the Companies House website revealed South Western Railway (SWR) lost £136.9 million for the year ending March 31 2019... A spokesman for the train operator, which is owned by FirstGroup and Hong-Kong Based firm MTR, said its performance had been affected by timetable delays, strikes and infrastructure reliability." https://www.wandsworthguardian.co.uk/news/18145827.south-western-railway-says-stripped-franchise-137m-loss/?fbclid=IwAR3Jct5jX82VKUxt44VMNmLDUCdLYG2zUg-cbb7XyWaUedE5QEGUqIiTUjE
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