London Midland sees passenger revenue increase by 11%

A FIRST quarter trading update from London Midland parent Go-Ahead Group has revealed the train company has increased passenger revenue by 11%.

And passenger journeys have increased by 5%.

Go-Ahead said London Midland growth rates reflect prior-year quarter performance, which was affected by engineering works.

“Notwithstanding this, the franchise continued its trend of improvement as seen in the second half of last year,” it said.

It revealed discussions with the DfT are on-going regarding a potential direct award contract for London Midland from March 2016 to October 2017.

Speaking about overall group performance, David Brown, group chief executive of Go-Ahead, said: “Overall trading performance has been satisfactory and our full year expectations for both bus and rail operations remain unchanged.
 
“In our rail division we look forward to hearing the outcome of the Northern and TransPennine Express rail franchise competitions, and to submitting our bid for TfL’s London Overground contract.
 
“We continue to make progress in our bus division. Our locally-run bus companies work in partnership with local authorities and are focused on the needs of the communities they serve. We are proud of our high levels of customer satisfaction, which remain the best in the sector at 90%.”