'Pothole epidemic' hits AA profits

'Pothole epidemic' hits AA profits
 

Bad road conditions and extreme weather in the UK have led to a drop in profits at the AA.
The motorists' organisation saw its pre-tax profit decline 65% to £28m for the first six months of 2018.
AA boss Simon Breakwell said the severe winter caused a "pothole epidemic", which contributed to breakdown callouts hitting a 15-year high.
AA had previously warned that drivers and insurers were losing £1m a month repairing damage caused by potholes.
The firm's shares fell sharply in February, after it warned that its full-year profit would fall short of analysts' expectations.
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26 September 2018 in Business, Views: 71
Source: BBC
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