22 Jun '12, 12pm

Bus and Coach News: Growth at Go-Ahead: Go-Ahead says that revenue is up at all its businesses. #bus #coach #diesel

Go-Ahead says that revenue is up at all its businesses. In a pre-close trading update for the year to 30 June group chief executive David Brown says: “In line with our strategy to grow our bus division, we have acquired a number of businesses during the year and have driven organic growth through smart-ticketing and providing high quality value for money services. “Our deregulated bus division continues to see solid growth. We expect full year passenger revenue to increase by around 4 per cent on a like-for-like basis (after adjusting for acquisitions) and passenger journey growth of around 3 per cent. We continue to see stronger growth in fare-paying passengers, partly offset by weaker concessionary performance. Whilst the average yield per journey remains lower as passengers continue to take advantage of our value for money period passes and smartcards, the successful up...

Full article: http://www.busandcoach.com/newspage.aspx?id=6884&category...

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