Coach operator National Express Group plans to restart UK journeys from July. In a brief trading update released on 15 May, the group said it has started selling tickets for journeys in a core coach network from1 July.
The company reported a 50% revenue decrease for April compared with the same period in 2019. However, a £100m reduction in monthly operating costs has generated EBITDA ahead of the group’s expectations.
National Express Group has also boosted its liquidity with around £1.5bn of cash and undrawn facilities available.
The group has also been boosted by its international performance, including winning a five-year contract to provide services for national firm North American School Bus.
TransportXtra is part of Landor LINKS
© 2022 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7875
Web design sussex by Brainiac Media 2020