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Birmingham Post
Birmingham Post
Business
Jon Robinson

Huge profits hike at TransPennine Express revealed as train fares hit by largest rise since January 2013

Pre-tax profits at TransPennine Express surged by more than £70m over the last year ahead of the largest rise in train fares since January 2013.

The train operator, which is owned by FirstGroup, has reported profits of £72.1m for the 12 months to March 31, 2021, up from the £3.5m loss it posted for the prior year.

The company's turnover also increased from £290.2m to £437.7m over the same period.

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