BANGKOK – Transport Company is launching a major business revamp plan after losing 30 per cent of its passengers to budget airlines.
Transport Company chairman Anusorn Saengnimnual admitted the significant drop in the number of the bus passengers resulted from a fierce competition with budget airlines.
He said bus passengers have shifted to low-cost airlines for long distance routes because of a relatively short period of traveling. That prompted a need for Transport Company to revamp its business for the sake of its survival, he said.
The revamp plan might call for the downsizing of its bus fleet to lower operation costs with improved efficiency and to cut unnecessary expenditures, he said.