Quote:
I would hardly be quoting figures from a year ago in terms of a fares proposal for 2015. We need to see how the position has moved since then, given that the CIE Group have already received a large fare increase in 2014, wage restraint has been implemented (for over a year for the bus companies), and further cost reduction measures have been implemented, such as shorter trains.
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I agree but realistically they are still going to be somewhere around 10 million in the red this year. The wage changes only started for IE and the real effect won't be felt until 2015. They have shorter trains etc but they are not as short as IE would of liked.