Low-cost competition hurts Eurolines - Azi

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Eurolines, the coach transport group owned by the Martin family and businessman Dragos Anastasiu, saw its revenues from international passenger transport go down by 13% in the first half, whilst this year?s figures mark the first negative performance since 2005.Passenger transport services used to contribute 40% to the group?s turnover, but the weight could shrink to around 30% this year.

The drop in turnover came amid competition from low-cost carriers, with companies such as Blue Air, Wizz...

Read the whole story in: Ziarul Financiar