2026-10-31 · The Guardian
🔮 Under the contracts that replaced the franchising system since the pandemic, train operators’ income comes from fees paid by the DfT instead of depending on fare revenue, with the taxpayer instead taking any profit or loss from ticketing income or refunds.
Avanti, which is due to be taken into public ownership next year as part of Great British Railways, paid out more than £50m in 2025-26, and is expected to pay out more than £70m this financial year. mixed