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National Express set to restart UK journeys from July

15 May 2020
 

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.

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