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With operations in UK, Spain, Morocco and US and a variety of contracts operating under different terms and conditions it is difficult at present for any external to fully and properly assess what the results may surface. I am expecting to see that across a variety of contracts the impacts have been mitigated to some extent. School shutdowns for example may have a lesser impact than we may imagine due to contract terms, government support and the fact summer holidays were diarised across the same shutdown period. Numerous contracts will be on a cost plus basis which is also beneficial, particularly in conjunction with government support. Inter-regional travel will be hardest hit I suspect with passenger numbers way down, and likely more challenging to offset overheads. If the US and UK push ahead with avoidance of any second wave national lockdown, and Morocco and Spain slowly emerge from current 2nd wave fears this could be a slow rise to mid 200s. However it’s finely balanced. I’d expect the results to be obvs disappointing but better than current fears. Fingers crossed.
I get that type3 . I am curious to hear what the half yearly results are on Thursday. I will not look to deep as I expect it to be a little disappointment but better than the quarterly for sure. Even if the losses are more than I anticipated I will hold as long as it takes. Be nice to get another opinion.
Thanks for your input typ3. It is useful to get a feeling for how the UK business is doing. It fits with what my daughter, who uses buses quite a bit, has said about increasing passenger numbers of late.
Unfortunately things are going less well in Morocco where routes have been shut because of increasing infection rates. However, this does highlight the advantage of being an international company in these difficult times and how, as an important element of transport infrastructure it bounces back quite quickly. At 150-160 it should have the bad news priced in but it is going to be interesting to see how it goes this week .
Plus also bear in mind for like 4 months it was a total shutdown. And it just opened recently. It will take a bit of momentum to get up and running. But the Europeans seem confident with huge numbers and growing now travelling to airport and back.
@Thebhoys
Business has picked up a lot. No where near before covid but for what services are running they are quite busy.
Coach capacity are reduced but they are full and tickets sold out.
Three weeks ago it was a bit dead but this last week its very busy with no seats available on slot of the times on Stansted services. They have had to add extra duplicate services at short notice to keep up with the demand.
Obviously this is nothing like how it was before. But for what is running they are doing well.
I didn't realise the USA operations had a big impact on a well known British company that has operations running all over the UK but if business is doing bad in US it doesn't matter about UK operations.
The reason I ask, is that it can be misleading. There was an article stating that but was before the Manchester, Blackburn lockdown. I am not saying you are wrong I just cannot find it. Cheers The bhoys.
Altube that is not up to date news. If it is I cannot find it. Were did you get this article.
Excellent news
£2+ in no time imo
Shares of British multinational transportation group National Express Group (LON: NEX) today surged 5% higher after the company restarted operations on several UK bus routes. The company reinstated the 737 services from Oxford to Stansted, and Luton airports that will run four times each way starting Friday.
The firm also reintroduced the 409 service that runs from Aberystwyth to London, which will now operate twice daily and will also run through Llanidloes, Newtown, Welshpool, Telford, Shrewsbury and Birmingham.
Chris Hardy, managing director of National Express UK Coach, said: “Overall demand and bookings have been really positive and the level of requests for travel has meant we can now also add this direct airport service back on the network.”