Stagecoach’s UK division has seen a slight fall in numbers for the first 12 weeks of trading in 2015 financial year. Trading overall was described as in line with expectations and there was an increase in revenue growth of 1%. The 0.7% fall in passengers numbers was attributed to poor summer weather leading to a reduction in use by concessionary pass holders. The London market saw a rise of 1.5%.
Newly launched services in Europe of Megabus are yet to return a profit. The latest trading update were expecting a loss as they invest heavily to increase market share, there has been progress to date with strong demand in Germany and Italy.
Megabus have seen a revenue reduction of 3.4% in North America and this has been blamed on falling fuel costs.