Bus operators boost profit levels despite falling revenues

Bus company revenues outside London fell in real terms in 2010/11 but firms still managed to boost profit levels, partly by shedding staff, according to a new report.

Consultant TAS examined the accounts of 118 local bus companies across the UK. “There are lots of worrying signs in these figures, particularly on the revenue front,” said report author Chris Cheek. “A 2.2% real terms fall for companies in the deregulated market contrasts sharply with consistent rises across the...

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