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Customers choose buses to visit neighborhood countries during the crisis period

10.03.2010

International passenger carrier company’s “Eurolines Lux Express” revenue rose by 22% during 2009 and reached 7.05 million EUR (24.34 million LTL). 386 000 passengers used company’s services – 18% more than in 2008.

“MootorReisi AS“ and its daughter enterprises owning “Eurolines Lux Express” brand has earned 200 000 EUR unaudited profit in 2009 including one-off company’s reorganization expenses in Lithuania. Overall profit in 2009 amounted to 420 000 EUR (1.45 million LTL).
“Eurolines Lux Express” passengers’ number travelling to and from Lithuania almost doubled in 2009 – from 45.5 thousand passengers in 2008 to 85.6 thousand passengers in 2009.

“Company’s strategic development course and investment into bus fleet and service renovation determined significant passengers’ flow and profit growth in 2009. We can state that economical recession did not have negative influence on our business. Vice versa, when people and businesses started calculating expenditure, we think that comfortable and modern busses became an alternative to travelling to neighborhood countries by car or by plane”, says “Eurolines Lux Express” CEO Hannes Saarpuu.

According to him, significantly high passenger flow is noticed in higher class “Lux Express” busses where more comfortable seats, free Wi-Fi, newspapers, coffee and tea are offered.

“160 000 passengers traveled using “Lux Express” busses in 2009, twice as much than in 2008. This service is popular among business trip passengers”, says H. Saarpuu.

“Lux Express” has routes Vilnius – Riga, Klaipeda – Riga, Riga – Tallinn and Tallinn – St. Petersburg. Last year company has bought three new “Scania” busses with extra equipment which will start operating this spring on the lines Vilnius – Riga, Klaipeda – Riga and Tallinn – St. Petersburg.
In 2009 “Lux Express” joined loyalty program “BalticMiles” operated by “airBaltic”. The loyalty program allows international bus passengers to collect miles from their trips which later can be used to purchase services.