Go-Ahead sees surge in passengers

A surge in passenger numbers helped the bus and train operator Go-Ahead post better-than-expected annual profits .

The group, which has a fleet of 3,800 buses and has a stake in the Southern, Southeastern and London Midland rail franchise, said pre-tax profits rose 11 per cent to £97.6m in the 12 months to 2 July, on revenues of £2.3bn.

Its rail unit saw profits rise 29 per cent as both passenger numbers and fares rose. While average fares rose 6 per cent in January, Go-Ahead said the increases were passed on to the Government in lower subsidies.