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National Express blames profits fall on ending of coach concessions

01 March 2013
National Express says ending of coach concession behind its
National Express says ending of coach concession behind its "most difficult year"

 

National Express Group says a decline of one million elderly and disabled coach passengers following the Government's removal of its concessionary scheme is behind a year-on-year decline in profits.

National Express's group operating profits for the year ending December were down by 18% from £225m in 2011 to £185m, but chief executive Dean Finch highlighted that non-rail profits had grown in size for the third year running. Whilst 2012 was "one of the most difficult years in...

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