National Express is on the road back to higher passenger numbers and profits
(Picture: National Express)Coach operator National Express has said it expects “strong” summer passenger levels and that it will achieve an average profit margin of 9% during the next five years with a recovery to pre-pandemic figures of 10% approaching the end of that period.
In a trading update, the company said its UK revenue had performed in line with expectations and was “continuing to build” following the coronavirus outbreak and a recent return to near normal conditions. The company said it continues to “track close to 2019 [pre-pandemic] levels”, with anticipated 2022 full year revenue of £2.7 billion.
