Go-Ahead boss David Brown has turned down a bonus and pay increase this year after disruptions to Southern railway services.
Hundreds of rail services were axed by Southern under a revised timetable in response to ongoing cancellations and delays earlier this year.
Go-Ahead group is co-owner of Govia. Southern is part of Govia Thameslink Railway franchise.
Overall, Go-Ahead profits before tax rose 26.8% to £99.8m.
“Whilst we have largely achieved the financial and strategic targets set at the beginning of the year it is clear that we have not delivered the required levels of passenger service on our Southern routes,” Go-Ahead said in a statement.
“As a result, David Brown, who in my view is an exceptional and committed group chief executive, made it clear he does not wish to be considered for an annual bonus this year and declined a salary increase.”