(23 Mar 2015, 2:03 pm)Andreos1 wrote As the UK is facing a spell of deflation (http://www.theguardian.com/business/2015...-deflation) and operators are paying less for their fuel than previously (http://www.go-ahead.com/ir/busfuelpolicy.aspx), I wonder if we are we likely to see a drop in ticket prices soon?
If the big 3 hedge their fuel, surely a drop in fuel prices today won't have any effect? The price they're paying today would have been 'hedged' 12 months ago when prices were higher.
Whilst fuel won't be an insignificant cost, I would have thought staff costs would make up a larger part of operators cost base.