UK's FirstGroup flags uncertainty in recovery pace amid new restrictions

First Business Financial Services

09/12/2021 07:28

Dec 9 (Reuters) - British transport company FirstGroup
 FGP.L  warned on Thursday of uncertainty in its recovery pace
because of new restrictions imposed in England to fight off the
Omicron coronavirus variant, with passenger numbers on its buses
slipping in recent weeks.
    The company, which reported higher first-half profit as
compared with the lockdown-hit 2020, said passenger volumes at
its First Bus operations were 71% of its 2019 levels on average
in recent weeks, representing a slowdown in the rate of
improvement.  

 (Reporting by Yadarisa Shabong and Amna Karimi in Bengaluru;
Editing by Sherry Jacob-Phillips)
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