PERTH, Scotland – Stagecoach Group has reported that Coach USA/Coach Canada and megabus.com had slightly higher revenue during the first four months of fiscal 2018.
Coach USA/Coach Canada, along with megabus, are subsidiaries of Perth-based Stagecoach Group and the largest operator of motorcoaches in North America, with a fleet of roughly 2,300 buses. (No. 2 Greyhound Lines has a fleet of 1,600 coaches.)
Combined Coach USA/Coach Canada and megabus revenue for the four months ended Aug. 31 was 0.8 percent higher than during the same period a year ago.
The gain came despite a 4.4 percent slide in revenue at megabus. Stagecoach noted, however, that revenue per vehicle mile at megabus remained “broadly stable.”
Revenue for the four business lines that make up Coach USA/Coach Canada – charter, scheduled commercial and contract services, plus sightseeing and tour operations – posted a combined revenue increase of 3.1 percent for the four-month period.
In issuing the trading update, Stagecoach noted that business in North America “continues to show some signs of improvement.” However, “the market remains challenging due to the previously highlighted effects of sustained lower fuel prices, which have heightened car and air travel competition.”