Originally Posted by
CEJM
Sorry WCF, I disagree. If they can’t turn a profit now then taking the tax element off the ticket will not make the company anymore profitable. Even if that ticket is more attractive, the total below the line stays the same.
It's an indirect loan.
if they increase the fare by half the APD removed and make a profit then they survive.
This gives them time to reorganise and also informs public policy. Do we prefer to subsidise the PSO or adjust APD and leave it private.
I could try to pull the financials and look if that's possible, but given how long they have been in distress without folding the hole on the price of the tickets can't be that large.