Rail outpacing bus growth at Go-Ahead in Q1

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Go-Ahead Group plc has announced its first quarter trading statement for the period from June 28, 2015 to September 26, 2015.

In regional bus operations, revenue increased by 1.0%, but passenger journeys fell by 1.5%.

In London, the group said Quality Incentive Contract revenue continued to be adversely affected by congestion resulting from roadworks, though revenue was up 2.5% and mileage up 2.0%.

The group’s rail franchises performed well. Southeastern saw passenger revenue growth of 6.0% with passenger journeys up 3.5%, London Midland saw passenger revenue growth of 11% and passenger journeys up 2.5%, and passenger revenue was up 4.5% at GTR, along with a 2.5% increase in passenger journeys.

David Brown, Group Chief Executive of Go-Ahead, said: “Overall trading performance has been satisfactory and our full year expectations for both bus and rail operations remain unchanged.

“In our rail division we look forward to hearing the outcome of the Northern and TransPennine Express rail franchise competitions, and to submitting our bid for TfL’s London Overground contract.

“We continue to make progress in our bus division. Our locally-run bus companies work in partnership with local authorities and are focused on the needs of the communities they serve. We are proud of our high levels of customer satisfaction, which remain the best in the sector at 90%.”