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BusinessWhat's next for bus operator Greyhound post-pandemic

What’s next for bus operator Greyhound post-pandemic

Intercity bus journey within the U.S. has lengthy been dominated by one iconic model: Greyhound. With its fleet of 1,200 buses, Greyhound shuttles practically 16 million passengers yearly to 2,400 North American locations.

Known primarily for catering to budget-conscious, long-distance vacationers, the corporate additionally affords constitution companies for companies, conventions and faculties. And its Greyhound Package Express enterprise supplies same-day supply to 1000’s of locations.

But a drop in passenger demand because of the Covid-19 pandemic has compelled the bus operator to chop again its schedule.

“The pandemic has hit the bus and motorcoach industry really harder, I think, than almost any other segment,” American Bus Association President and CEO Peter Pantuso stated.

In its fiscal 2021, Greyhound noticed a median of simply 10,000 passenger journeys per day in contrast with 40,000 throughout the earlier interval. The firm reported an working lack of $12 million in fiscal 12 months 2021 and a lack of $15 million in fiscal 12 months 2020.

Competition from low-cost airways and a mixture of elevated vehicle entry and low gasoline costs in recent times have additionally led to mounting headwinds for the bus operator. 

Greyhound supplies an reasonably priced journey choice for folks residing in rural areas and others with restricted financial assets. So, what does the long run appear to be for the bus operator and what occurs to intercity bus service in America as soon as the pandemic ends? 

Watch the video to search out out what’s next for Greyhound.

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