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Nov 2019

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First Bus
FirstGroup has reported a half-year loss
(Credit: FirstGroup)

14 Nov 2019

Cashless overtakes cash

More passengers paid with contactless and mobile apps rather than cash on local bus routes for the first time in FirstGroup’s history, the company has said.

The firm added that 43% of passengers paid by cash but 45% paid through non-cash methods; the remainder came from ticket sales via third parties.

The announcement came as the transport giant reported a half-year loss of £187 million.

Shares in FirstGroup, based in Aberdeen, northeastern Scotland, dropped 23.90p, or 18.48%, to 105.40p.

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