1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172 
• NEWS PSV
Page 32
If you've noticed an error in this article please click here to report it so we can fix it.
• Leicester Citybus has suffered a £22,000 loss at the end of its first five months' trading to the end of March this year.
Despite the losses, however, chairman Peter Soulsby says he is quite satisfied with the company's initial trading figure — "particularly in light of some extreme circumstances".
Soulsby says that "Leicester has experienced considerable competition for passengers during the past year, and Citybus has proved that despite competition, it can trade successfully as a private company".
When the 1985 Transport Act came into force last October, the company replaced the council's transport department and, while it is still wholly owned by the council, Citybus is trading commercially under a board of directors. During the first five months to 31 March 1987, the company enjoyed a turnover of £5.1 million.
"The staff of Citybus have had to face many changes since deregulation, and they have coped admirably," says Souls