LNER has recovered from the tumult of the pandemic to such a degree that in some four-week periods it requires no subsidy, Robin Gisby told the Transport Committee.
Governments increased rail subsidies when the pandemic arrived in the UK, to ensure that services continued to operate for key workers against a backdrop of extremely low revenue. LNER was the first TOC to regain its pre-pandemic revenue, but Gisby said yields had reduced slightly because the business first class market had not...
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