The bureau indicated that the fuel purchase prices for these companies saw increases of approximately 75 to 134 percent in March compared to January. This has led to a corresponding rise in fuel expenditure of 85 to 132 percent over the same period. The current geopolitical situation suggests that oil prices are likely to remain elevated.
Despite these pressures, the four companies reported profits ranging from HK$7.92 million to HK$369 million in 2025. However, all are estimated to have experienced a considerable drop in profits during the first half of the current year. For instance, KMB, which carried an average of 2.53 million passengers daily, saw its post-tax profit fall by an estimated 55 percent in the first half of this year.
Citybus, serving an average of 890,000 passengers daily, estimated a 52 percent profit decline for the first half of this year. New Lantao Bus and Long Win Bus, carrying 110,000 and 140,000 passengers daily respectively, estimated profit drops of 129 percent and 31 percent. The bureau acknowledged that the operating environment for bus operators remains challenging due to competition, rising operating costs, and persistent high oil prices.
Secretary for Transport and Logistics Mable Chan stated that the government will carefully assess the applications, considering public affordability alongside the service reliability and financial sustainability of the bus companies. Factors such as projected operating costs, revenue, and long-term financial outlook will be examined. The Legislative Council's transport panel is scheduled to discuss these proposals, with final approval resting with the Chief Executive in Council.