Has English National Opera Chronically Lost Money?

Management of the English National Opera have claimed that the company has lost millions of pounds over the past decade – “on average, £1m to £2m for nearly 10 years.” The losses have been the company’s justification for wanting layoffs and financial assistance from the government. But “analysis of the accounts show that between 1994 and 2000 the company was in surplus in every year but one, before falling back into the red. Last year, its worst since 1997 when it had to be bailed out with £9.2m from the Arts Council, it lost less than £600,000.”