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Thursday, 23 July 2020

BBC News

• Stagecoach tries to innovate as bus passenger numbers fallThe bus operator, based in Perth, forecasts that customer behaviour will lead to a further drop in the number of bus passengers.

Financial Times

• Stagecoach prepares for future with fewer journeysCEO of London-listed group says pandemic will leave lasting effect on public transport

The Guardian

• Stagecoach plans job cuts and predicts bus passenger reduction is long termOperator expects pandemic effect to continue as people work and shop from homeThe coronavirus pandemic will lead to a long-term reduction in the number of people travelling to work or the shops, one of Britain’s biggest bus operators has warned.Stagecoach, which runs major bus services across Britain, said on Wednesday that it did not expect passenger numbers to return to 2019 levels for several years. It plans to cut an undisclosed number of jobs in office-based roles to save £9m. Continue reading...

Other Regional Press

• Frustration at bus passengers who refuse to wear face masksThe two biggest bus companies on Teesside support drivers in refusing travel to those who don't wear face coverings

Other News Sources

• Stagecoach revenues plunge 25%Pandemic and loss of final two rail franchises behind move   Stagecoach’s revenues plunged by 25% in the 53 weeks ending May 2 as the loss of its final two UK rail franchises and the coronavirus pandemic took their toll on the Perth-based group. Turnover fell from £1.88bn to £1.42bn, while operating profit, adjusted for one-offs, tumbled from £161m to £119.7m. It’s a bitter blow for the group which revealed that its regional bus revenue trends were improving prior to the pandemic; it had experienced 2.7% like-for-like revenue growth in the 14 weeks ended February 1, 2020. Desp...