Someone said :
I wonder, what their profits are and if state owned could they operate on a 1 euro profit. Making, Public transport cheap and affordable.
Who are "they"?
NTA is a State Agency.
TII is a State Agency.
CIÉ is State Owned. (Dublin Bus, Bus Éireann, Iarnród Éireann)
The LUAS is operated by a private company, Transdev, but it does it on behalf of TII. And since 2014 Transdev/Veolia have struggled to turn a profit, and have often returned negative profits... in other words losses.
And the LUAS counts for less than 11% of the passenger revenue.
(And when it comes to public monies given in "compensation" to the LUAS, it is less than 10% of the value of its passenger revenue. It is closer to 90% and upwards for the public ones.)
So right now, 90% of public transport is for all intent and purposes public.
And it is costing the tax payer as much as the passengers are paying.
The private operator (not owner) of the LUAS only costs the tax payer 10% of what the passengers are paying.