British bus and rail company Stagecoach has announced a half-year increase in profits, boosted by easing pandemic measures and the reopening of educational institutions and workplaces, but passenger numbers remain below pre-pandemic levels. .
The company said it had restored passenger travel to about 70% of its 2019 level in November, before retreating recently due to Hurricane Arwen across the UK and recent coronavirus measures.
Means of transport are recovering from the lows they reached at the height of the pandemic, when restrictions and calls for distance discouraged people from using public buses and trains.
Stagecoach, which is in talks with rival National Express for a possible takeover, said adjusted pre-tax profit stood at 18 18.4m ($ 24.37m) for the six months to October, from 0, 0.4 million a year ago.
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Source From: Capital
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