Revenues from Go Ahead’s train services have grown in recent months despite a 1pc fall in passenger journeys.

The London Midland, Southern, Southeastern and Thameslink operator said rail passengers paid it an extra 2.5pc in the period from July 2 to October 28.

Chief executive David Brown said: "In Rail, trading has been satisfactory in the period. Following the end of Aslef's longstanding dispute with Southern, we are wholly focused on further improving the service for passengers and supporting the completion of the Thameslink Programme.”

Aslef’s members agreed to halt strike action earlier this month after Southern offered them a 28.5pc pay increase over five years.

Yesterday the Government unveiled plans to split Thameslink, Southern and Great Northern franchises when Govia's contract expires in 2021.

Go Ahead's Bus revenues were flat following the loss of some “small” contracts in London. The company said it faced a “very competitive” bus market in the capital and that “mileage will continue to be under pressure as a result of reductions in Transport for London funding”.

It runs the train services through its 65pc stake in Govia, a joint venture with France’s Keolis.

Its ownership of the London Midland franchise will expire next month and the service be handed to a firm owned by Dutch giant Abellio.