StockMarketWire.com - Go-Ahead said Thursday it was on track to meet full-year expectations on the back of a 'marked' improvement in its rail business.

Bus passenger revenues increased 3% on the back of a 1.5% pick up in passenger journeys during the period from July to 28 November.

While rail passenger revenues rose 7% amid a 5% pick up in passenger journeys, supported by the resumption of full services through London Bridge station since January and by the good weather during the period, the company said. 'In bus, our London operations have continued to earn strong Quality Incentive Contract income through the delivery of good service performance. In our regional bus business, overall passenger volumes have grown although the trends remain mixed across the country, said Go-Ahead Group Chief Executive, David Brown. 'In rail, I am pleased that the past few months have seen a marked improvement in the operational performance of GTR. Southeastern has continued to perform very well and it has consistently been the best performing large train franchise in the UK in recent months.'



At 8:47am: [LON:GOG] GoAhead Group The PLC share price was +29.5p at 1580.5p



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