Go-Ahead directly awarded Southeastern rail franchise
Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.
FTSE 250
19,601.98
17:09 25/04/24
n/a
n/a
FTSE 350
4,434.34
17:09 25/04/24
n/a
n/a
FTSE All-Share
4,387.94
16:49 25/04/24
n/a
n/a
Go-Ahead Group
1,546.00p
16:34 07/10/22
0.00%
0.00p
Travel & Leisure
7,552.90
17:09 25/04/24
-1.01%
-77.20
The company on Monday said the Department for Transport had agreed a contract that removed exposure to changes in passenger demand and costs in response to the coronavirus, with the management fee set at a maximum of 2% of Southeastern's cost base before the pandemic began.
Go-ahead said about 90% of total group revenues were now derived from contracted markets where there was no direct revenue risk from changes in underlying travel demand.