Trainline sales steam ahead on rail recovery

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  • Trainline ticket sales rise to £2.2bn in the first half of August
  • International ticket sales up 81% compared to pre-Covid, UK sales up 45%

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Trainline sales soared to £2.2 billion in the first half after a strong rebound in US customers using the platform to buy train tickets to travel across Europe.

The group’s net sales in the six months to the end of August were 17 percent higher than the pre-pandemic period in the same period, driven by an 81 percent increase by its international division to £452 million.

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The group said it also attracted “record levels” of new customers in France and Italy, driven by a “significant resurgence” of customers in the US.

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Passenger volume in the UK almost returned to pre-Covid levels in August, Trainline said

In the UK, its biggest market, sales jumped 45 per cent to £1.4 billion as rail travel bounced back, with passenger volume almost back to pre-Covid levels in August.

Total group revenue was 28 percent higher than pre-Covid at £165 million.

Chief executive Jody Ford said new product launches and advertising campaigns have helped secure more customers in Europe.

The group will start selling tickets later this month for the new Spanish high-speed rail operator Irio, which is set to further strengthen its presence on the continent.

“Our strong performance in the first half was led by International Consumer, where new product launches and brand campaigns are helping to drive awareness of Trainline and drive record levels of customer acquisition in France and Italy,” he told investors.

‘The strong return of tourists traveling to Europe by train this summer, especially from the US, further supported the growth.

‘In the UK, the rail industry continues to see an improvement in passenger numbers, reaching 95 per cent of pre-Covid levels during August, the highest level since March 2020.’

trainline share It rose 1.7 per cent in early trade before trading at 358.20p.

Credit: www.dailymail.co.uk /

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