RE: Update from National Express UK Coach: Full suspension of Services7 Jan 2021 16:33
I agree NEX is in a slightly better position as it has worldwide operations, particularly US contracts. However they are not out of the woods yet either and burning through cash. My worry is no one know when things will get normal and if they use Furlough cash, at some point before paying dividend, they will have to consider giving that money back. Not to mention fixed costs to maintain vehicles etc. As I said, more pain on the way for all travel/hospitality companies.
Remember, January is a month of trading updates and for this sector, I just can't think of good news in January.