PASSENGERS' TRANSPORT COs * UK - FirstGroup's profit rise despite fare-dodging
London,UK -Telegraph.co.uk, by Alistair Osborne -8 Nov 2007: -- Public transport operator FirstGroup said rocketing petrol prices were driving more passengers to buses and trains, though fare-dodgers on the rail network were still costing the company £50m a year... Unveiling an 11.8pc rise to £103m in underlying operating profits for the half year, chief executive Moir Lockhead said high fuel prices were forcing drivers out of their cars. "We have seen signs of modal shift that we haven't seen before and it's driven by pump prices as well as traffic congestion," Mr Lockhead said...
Labels: passengers' transport industry
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