National Express on track with revenues

TRANSPORT company National Express said yesterday that it is on track to deliver a good revenue and profit performance for 2012.

Its coach division, which covers 1,000 destinations in the UK, expects a four per cent rise in passenger volume in 2012, while revenues from non-concession passengers rose two per cent. The rise comes after a good performance during the Olympics and the addition of new routes, which the firm says has offset last year’s withdrawal of government subsidies.

National Express said it is “on course to deliver its 2012 targets”.

“By focusing on good value, high quality transport services, we have delivered growth across our core bus and coach operations, supplemented by a strong performance in rail,” said. “Recent bid wins from an expanding pipeline of opportunities, combined with strong cash generation, underpin our platform for growth in the medium term.”