Lothian Buses slides into the red as fuel costs and roadworks bite

Lothian Buses is to axe part of its network in response to a mounting financial crisis at the council-owned operator.

After posting record breaking profits of £5.9m last year, the council-owned company, which pays the City of Edinburgh Council a dividend of just over £2m each year, is now struggling to break even. The financial problems at the incumbent ‘Bus Operator of the Year’ have been blamed on a combination of rapidly increasing costs and a small drop in passenger...

+87% more