Bus operators outside London saw turnover fall 1.0 per cent and operating costs rise 0.9 per cent in 2016/17, according to an analysis of the accounts of 108 companies by Passenger Transport Monitor.
Total turnover was £3.745bn and operating costs were £3.489bn. Operating profit was £257m and operating margins fell from 8.6 per cent in 2015/16 to 6.9 per cent.
Costs rose despite cuts in service provision and a small real-term fall of 1.6 per cent in unit labour...
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