The future of mass transportation has never looked so uncertain. By that, I do not mean its long-term viability, more what the future holds and the associated uncertainty. How will transport operating companies adapt their operating models so that they are not only fit for purpose, but also able to take advantage of opportunities in an uncertain future?
Since the UK went into lockdown in March, the transport sector has had to adapt to the significant fall in passenger numbers and contend its public health responsibilities. Unsurprisingly in most cases, standard funding models are broken due to the over reliance on ticket revenues to cover operating costs. With lockdown shifting how we work and socialise, the impact on finances are likely here to stay.
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