LFL revenues still rising at Go-Ahead

18th Jun 2009 07:04

Bus and train group Go-Ahead has continued to grow like-for-like (LFL) bus and rail revenue in the last two months.Bus revenue from the regulated bus operations for the full year to end-June is expected to rise by around 6%. LFL revenue in its deregulated bus operations since the end of April has continued to grow in line with the 6.6% improvement seen in the first half of the company’s financial year.The company has seen a £10m increase in fuel costs but this has been recovered through a combination of fare increases and consumption savings. Fuel requirements for the next financial year have been secured via hedging arrangements at 47p per litre, up from 43p per litre this year.In the rail division, LFL passenger revenue continues to grow in all three of the franchises it operates, albeit at a slower rate than last year.The rail division is expected to report a full year operating profit consistent with previously indicated expectations.“We continue to assume that economic conditions will remain difficult and are pleased with progress since April. Our operations are performing as expected, we were successful in retaining the new Southern rail franchise and preparations for both the new franchise and the high speed rail service in Southeastern are well underway,” the company said.