Go-Ahead directly awarded Southeastern rail franchise

(Sharecast News) - Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.
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.