August passenger sales exceed prior year for first time since 1991.

DALLAS--(BUSINESS WIRE)--Sept. 12, 1995--Greyhound Lines, Inc. (Amex: BUS) today reported the first year-over-year increase in August passenger sales at its top 198 locations in four years.

August passenger sales from Greyhound's 198 largest locations, which report sales electronically, increased by 15 percent. Passenger counts from the same locations increased by 17.3 percent over August 1994.

"We maintained service levels through the summer by adding capacity and running buses when our customers needed to travel," said Craig Lentzsch, Greyhound's president and CEO. "As a result, we were able to finish August with strong sales growth for the first time since 1991. Our traffic and sales results for August also significantly exceeded the positive year-over-year results of the past four months.

"This momentum continued through the Labor Day travel period, which traditionally caps our summer season. From Friday, Sept. 1, through Tuesday, Sept. 5, both our sales and passenger counts, in our 198 largest locations, were up by more than 18 percent over the prior year."

Lentzsch, however, cautioned that the company, as part of its rebuilding strategy, continued to operate substantially more bus miles than it did in the prior year. He also noted that, as expected, yield (revenue per passenger mile) declined in August as it did in July. But the lower yield was caused by two positive trends -- growth in long-haul traffic and the success of the company's everyday low pricing strategy which has attracted additional long-haul and short-haul customers.

"Our August passenger counts for long-haul trips (more than 450 miles) increased by 44.3 percent and sales were up by 22.7 percent because of the more reasonable everyday low price fares," he said. "Long-haul traffic produces a lower yield than short haul, but long-haul service is less expensive to provide and, as a result, more profitable." -0-

GREYHOUND LINES, INC.
AUGUST 1995 TRAFFIC STATISTICS (1)
(in 000's except where noted)

198 Locations               Aug. 1995   Aug. 1994   %Change

Passengers (2)                  1,290       1,100    +17.3%
Passenger Sales (2)           $45,147     $39,252    +15.0%
Passenger Miles (2)           537,530     412,691    +30.2%
Yield (Revenue per
Passenger Mile)(cents)(2)        8.40        9.51    (11.7%)
Average Trip Length (miles)(2)    417         375    +11.2%

System-wide                 Aug. 1995   Aug. 1994   %Change

Regular Service Miles (3)      25,341      22,608    +12.1%
Available Seat Miles (3)    1,165,686   1,039,968    +12.1%

-0-

1) All statistics are unaudited, in thousands unless otherwise noted and are for Greyhound Lines, Inc. only. These statistics do not include the company's other bus operating subsidiaries.

2) These statistics are for sales generated by 198 of the company's largest locations which electronically report sales. The same locations are used for 1994 and 1995 and represent approximately 70 percent and 73 percent, respectively, of total sales. The company's smaller locations are not expected to show the same rate of growth in sales and passenger counts.

3) Includes all Greyhound Lines, Inc. locations. Does not include bus operating subsidiaries.

Greyhound (Amex: BUS) is the only nationwide provider of intercity bus service transportation, serving over 2,450 destinations with a fleet of more than 2,000 buses. The company also provides package express delivery service, charter service and food service at certain terminals. Greyhound's toll-free information number is 1-800/231-2222.

CONTACT: Greyhound Lines, Inc.

Marty Heires, 214/789-7202