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World National Express set to use jobs retention bonuses to cut bus fares

01:10  14 august  2020
01:10  14 august  2020 Source:   dailymail.co.uk

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National Express has said it will use £4m from the government's Job Retention Bonus scheme to cut fares on its West Midlands and Dundee bus routes. It said the move, which will not affect coaches fares , would help boost demand and support the local economies. The bonus scheme will pay firms £

National Express Solutions. Employee Shuttles. To keep our fares as low as possible, and to be totally transparent with our customers, we charge separate fees for the different parts of our service, rather If it is not possible to use child car seats on your journey we will tell you during your booking.

National Express plans to use £4million in job retention bonuses to slash ticket prices on its local bus services.

The firm hopes cutting fares will attract people back to using its buses in the West Midlands and Dundee.

A full service is running in the West Midlands, and routes are running at 90 per cent in Dundee, but its buses are around half-full.

a person driving a bus on a city street: Empty coaches: National Express hopes cutting fares will attract people back to using its buses, which are around half-full at the moment © Provided by This Is Money Empty coaches: National Express hopes cutting fares will attract people back to using its buses, which are around half-full at the moment

The company is best known for its coaches in the UK, which will not be covered by the reduced fares. Its coaches are only about a fifth full at present.

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With fares starting from £5 one-way on National Express coaches you can be sure to find the perfect journey Our coaches terminate at Portsmouth Harbour where local bus services run to and from the heart of If it is not possible to use child car seats on your journey we will tell you during your booking.

Discover the UK's and Europe 's top destinations with National Express . If it is not possible to use child car seats on your journey we will tell you during your booking. When bringing a child car seat please make sure your child is included on your ticket booking.

The Government’s Job Retention Bonus pays £1,000 for each worker who is brought back from furlough and then employed until January.

This means National Express should be bringing around 4,000 people back from the scheme, which ends in October.

Yesterday, the company admitted it has no idea when demand will return to pre-pandemic levels.

There was an 80 per cent slump in passenger numbers during lockdown and the company racked up costs of £63.5million during the six-month period, which included buying up protective equipment for staff and the impact of cancellations.

It swung to a total loss of £122million in the first six months of the year, which covers the entire period of lockdown in the UK, and revenues dropped 23 per cent to £1.billion.

It also operates in Germany, Spain and the US.

Shares sank 16.2 per cent, or 28.5p, to 147.5p on the profit drop, making it the biggest faller on the FTSE 250 index.

But bus companies in England have been given a boost with the Government agreeing to extend the Covid-19 aid indefinitely.

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