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Mar 2020

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(Credit: Bus World)

23 Mar 2020

Bus firms count cost of virus

Stagecoach and FirstGroup have stepped up their efforts to mitigate the impact of the coronavirus pandemic on their businesses.

Both transport firms said they were cutting costs and reducing capital expenditure following a slump in demand for their services.

An empty bus station
An empty bus station in Winchester, Hampshire
(Credit: Lee Wilkins)

In separate trading updates, Stagecoach and FirstGroup said the crisis was ‘unprecedented’.

Both operators stressed, however, that they remained in a strong financial position.

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