Passenger revenue rises at FirstGroup

FirstGroup rail revenue rises by 3.2% to January 2018 

FirstGroup says its like-for-like rail passenger revenues increased by 3.2% year on year between September 2017 and January 2018.

The company says revenue growth was stable, “notwithstanding ongoing infrastructure challenges”.

It claimed that the TransPennine Express franchise “continued to deliver industry-leading revenue growth, with even greater growth required as the new fleet starts to be introduced into service from autumn 2018”.

Full year results for the year to March 31 are expected to be announced that day.