Belfast Telegraph

Bus and train operator Translink sees losses grow to more than £10m

By John Mulgrew

Translink has seen its losses plunge in its latest set of accounts, as its chief called on the Executive to push to bring in a fuel rebate in order to turn the numbers around.

Translink saw losses grow to £10.5m for 2015. That was down more than £2m on a year earlier.

It says the “planned loss” was funded from the group's cash reserves, which now sit at just under £40m.

It say it can “only return to break even with a restoration of fuel duty rebate”, which amounts to around £10m each year.

Meanwhile, passenger numbers fell from 80 million to 78.7 million.

It said the losses are set in the “context” of a reduction of around £16m from the Department for Infrastructure since 2013.

Belfast Telegraph Digital

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.