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Go-Ahead overtakes forecasts
Transport group Go Ahead said yesterday that it had seen growth slightly ahead of expectations in its bus and aviation operations over the first quarter, and that rail operations were continuing to trade in line with forecasts. The largest bus operator in London said first-quarter revenue growth was slightly ahead of its expectations as passenger numbers on its buses rose, primarily due to concessionary fares schemes. However, it added that it believes economic conditions will remain difficult.