The heading to John Helm’s letter of 16 March, “Myth-busting on the railways”, is misplaced. Myths can only be busted by reference to facts. He gives us none. Taking his headings in turn:
1. Foreign railways: John claims that routes in the US are profitable but provides no data. Probably those routes are profitable only by virtue of excluding all but a selection of operating costs. After all, Virgin West Coast makes a profit only because interest charges on the £10bn...
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