KiwiRail's surplus trimmed by covid

KiwiRail's surplus trimmed by covid
Staff reporters
National rail provider KiwiRail Holdings reported a June-year operating surplus of $40 million, down $15 million from the prior year after pandemic restrictions cut revenue.Group chief executive Greg Miller said covid alert levels 3 and 4 had taken a significant toll on the business which operates the Interislander ferry service, in addition to the country's rail-freight and long-distance passenger rail services.“When the level 4 lockdown began, and only essential travel was permitted, our Interislander custom dropped sharply and our...