Rising costs and reduced public sector investment have forced up fares for passengers, Stagecoach Midlands confirmed today (Thursday).
Fares in Warwickshire will rise by an average of 3.9 per cent from Sunday April 14. Most fares have increased between 5p and 20p.
Stagecoach said that continued rising costs – including labour, energy, fuel and insurance costs - and reduced public sector investment in bus services has resulted in the operator having no choice but to increase some fares.
Steve Burd, managing director of Stagecoach Midlands, said: “We understand that this will be frustrating for our passengers. Unfortunately we have had to take some difficult decisions but we have done our best to keep fare changes to a minimum.
“We are facing continued rising costs in a number of areas of our business and we are seeing reduced public sector support for bus services as local authority budgets continue to be squeezed.
“We have worked hard to keep fares down for those who rely on the bus the most. As the cost of motoring continues to rise, our bus services continue to offer a greener, smarter and better value way to travel and we are committed to re-investing income from fares in further improvements for passengers.”
An independent survey last year found that Stagecoach continues to offer the best value bus fares of any major bus operator in the UK, with prices up to 20 per cent lower than other companies.