BV66WPT NATIONAL EXPRESS
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Jane Imrie

National Express set to restart UK journeys from July

Public transport company National Express Group has confirmed plans to restart UK journeys from July.

In a brief trading update this morning, the group has said it has started selling tickets for journeys in a core coach network from July 1.

The Birmingham-headquartered firm reported a 50 per cent revenue decrease for April compared with the same period in 2019.

However, a £100m reduction in monthly operating costs has generated EBITDA ahead of the group’s expectations.

In addition, National Express Group has boosted its liquidity with around £1.5bn of cash and undrawn facilities available.

The group has also been boosted by its international performance, including winning a 5-year contract to provide services for national firm North American School Bus.

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