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Bus firm Aircoach cuts losses by £2.3m

By Gordon Deegan

Published 26/08/2015

Investing: Allen Parker
Investing: Allen Parker

Losses at bus firm Aircoach - which links Belfast to Dublin - fell dramatically last year after a jump in revenues.

Figures lodged with the Republic's Companies Office show that Aircoach firm, Last Passive, reduced its losses by 76% from €3.2m (£2.3m) to €773,000 (£560,000) in the 12 months to the end of March 2014.

This followed revenues increasing by 11% from €16.28m (£11.8m) to €18.1m (£13.2m). A directors' report said "the company remains ideally placed to benefit from the planned liberalisation of public transport markets both in the Republic and Northern Ireland".

The managing director of Aircoach, Allen Parker, said the "upturn in the economic environment and our ongoing investment in our services has been a positive influence during 2015" and said it continued to invest in new coaches while offering low prices.

Belfast Telegraph

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