Firstgroup: Greyhound revenue falls amid competition from LCCs

    Firstgroup, an operator of US ground transport, reported (21-Feb-2018) strong growth in the shorter point-to-point markets was “more than offset by intensifying challenges in the larger long haul segment amid low cost airline competition revenue growth across most its divisions”. In particular, revenues at Greyhound declined 2.8% year-on-year, “weighed by airline competition”. [more – original PR]