Passenger numbers up on bus and rail services
Published 05/06/2015 | 02:30
Irish public transport companies remained in profit last year as passenger numbers continued to grow.
An additional 9.6 million journeys were made across on Dublin Bus, Bus Éireann and Irish Rail services last year, according to the 2014 annual report published by CIÉ, the Irish Transport Authority.
All three firms were hit by industrial action in recent years, as management attempted to implement cost-cutting measures.
The group reported a growth in passenger journeys to 237.5 million, up 4pc. Passengers on Irish Rail rose by more than 1.1 million to 37.8 million, with growth recorded across intercity, Dart and commuter services.
CIÉ said group fare revenue and commercial income increased by €52.2m to €817.1m in 2014.
Elsewhere, Public Service Obligation (PSO) payments reduced by €14.1m to €211.8m, and other exchequer funding for railway infrastructure maintenance costs came to €77.5m.
The 2014 report also detailed that the group recorded a surplus of €9.8m. This marks a significant improvement when compared to their deficit of €11.6m in 2013. Supplementary funding for the rail fleet and the network maintenance of the Bus Éireann PSO fleet has been accredited for this.
The group said payroll savings were also made as the group headcount was reduced by 43 members to 9,648.
Dublin Bus passenger numbers rose to 118.6 million, an increase of 4.2 million on the year before. Last year also marked its first "recruitment drive" in seven years, and they employed 160 new drivers. The capital's bus company also recorded a financial surplus, rising from €500,000 in 2013 to €11.6m last year.
Bus Éireann's financial surplus also increased significantly from €400,000 to €5.1m. This reflects "revenue growth, cost savings and funding of PSO services", said the report.