Stagecoach: cheap fuel means more people are choosing to travel by car
Bus and rail group says trend towards car and air travel weighed on its first-half revenue growth in the UK and US
Stagecoach has said that lower fuel prices are encouraging consumers to choose car and air travel over buses and trains, weighing on its first-half revenue growth.
The bus and rail group that operates South West Trains and Megabus said the trend was evident in both its UK and US businesses, but long-term prospects for public transport were positive.
Source: Guardian Transport