Arriva’s North West subsidiary, which runs 286 buses on services in Cheshire and West and South Lancashire, slipped into the red in the year to 31 December 2008, according to its annual accounts, recording a loss of £0.49m on turnover of £47m.

Revenue fell in both cash and real terms, whilst operating costs continued to rise, albeit at a slightly lower pace than the prevailing rate of inflation. Reduced net interest costs helped to mitigate the deterioration, but the company still recorded a pre-tax loss of £0.84m.

More information on the TAS Business Monitor web site.