In message
-septe
mber.org, at 20:07:23 on Mon, 25 Apr 2016, Recliner
remarked:

Even taking into account the Network Grant, several rail services in the
London area create a surplus.

Yes, that's an operating profit. I doubt that they're making a bottom line
profit if you allow for the value of the assets used.

No, that's the whole point; several are now making sufficient operating
profit that the premium they send to the Treasury also more than covers
the infrastructure cost.
--
Roland Perry