An unexpectedly upbeat message from Go-Ahead Group, the London commuter operator, has boosted investors’ appetite for the struggling rail sector. Go-Ahead has been labouring to recover from the scheduling crisis last year that caused weeks of disruption on its Thameslink and Southern services after timetables were changed. Though it is unlikely to be profitable following face-saving penalties levied by the Department for Transport, Go-Ahead said it has the problems under control. It runs the services through Govia Thameslink Railway (GTR), in which it has a 65 per cent stake, alongside Keolis, a French group. It said: “GTR’s operational performance has consistently improved over the last nine months with punctuality reaching record levels for the…

Source: The Times June 06, 2019 23:03 UTC