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National Express Share Price Surges 5.5% As Some UK Coach Routes Resume

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Updated: 05 August 2020

Shares of British multinational transportation group National Express Group (LON: NEX) today surged 5% higher after the company restarted operations on several UK bus routes. The company reinstated the 737 services from Oxford to Stansted, and Luton airports that will run four times each way starting Friday.

The firm also reintroduced the 409 service that runs from Aberystwyth to London, which will now operate twice daily and will also run through Llanidloes, Newtown, Welshpool, Telford, Shrewsbury and Birmingham.

Chris Hardy, managing director of National Express UK Coach, said: “Overall demand and bookings have been really positive and the level of requests for travel has meant we can now also add this direct airport service back on the network.”

National Express share price

Tradingview chart of NEX share price 05082020

National Express stock prices rallied 5.5% to a high of 163.0p from yesterday’s closing price of 154.5p.