National Express has blamed a decline in profits on the Government’s removal of concessionary fares for coaches and for rail franchising delays.
National Express Group’s operating profits for the calendar year ending December 2012 were down by 18% from £225m in 2011 to £185m, but chief executive Dean Finch highlighted that non-rail profits had grown in size for the third year running. Whilst 2012 was “one of the most difficult years in our 40-year history,”...
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