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o-Ahead, the operator of the Thameslink metropolitan service, has given further signals that the transport sector can move away from the post-Covid station and return to normal.

In its annual trading update earlier this month, the train and bus operator said it expected its rail revenue to fall in line with its forecasts “within the range” set out in the group’s interim results of between £25m and £30m. .

Go-Ahead also said that his The London and International Bus division was expected to make an operating profit at least in line with 2019’s pre-pandemic level of £51.2m..

The company said its regional bus division, which also includes key services to Oxford and Manchester, is expected to make higher profits than in the previous two years, when Covid restrictions reduced passenger numbers.

Regional bus ridership has now reached 85% of pre-COVID levels.

Christian Schreier, CEO of Go-Ahead, said: “Public transport ridership continued to recover from the pandemic in parts of the UK as well. Our buses are as busy as they were before COVID-19.

We are delighted to see so many people using buses and trains and look forward to a busy summer, especially in the tourist areas.”

In June, Go-Ahead accepted a £650m takeover offer from a consortium of Australian bus operator Kinetic and infrastructure specialist Globalvia.

The company was ordered to pay £51.3m to the government last year for failing to manage South Eastern Railway.

Company was stripped of its network license last October and said the consequences would cost it £81.3m.

Go-Ahead has more than 27,000 employees across its bus and rail businesses in the UK, Singapore, Ireland, Sweden, Norway and Germany.

It has a fleet of over 6,000 buses across England and operates a quarter of London’s buses for Transport for London (TfL).

In the UK, it also operates the country’s largest GTR passenger contract, which includes the Southern, Gatwick Express, Great Northern and Thameslink networks.

https://www.standard.co.uk/business/go-ahead-stays-on-revenue-track-as-passengers-return-b1011446.html

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