Weekend exclusive: Rail sees popularity boost as City travellers avoid ‘travel dead time’ September 27, 2022 Rail is experiencing a boost in popularity among City and business travellers seeking to avoid so-called ‘travel dead time’. Trainline told City A.M. in an exclusive interview this evening that more than eight in ten of business travellers in the UK indicated that maintaining productivity is a major consideration. A further 44 per cent said [...]
Trainline ticket sales boom as travel app focuses on international expansion September 15, 2022 Trainline said group net ticket sales rocket as the travel firm makes a steady post-pandemic recovery, as it focuses on international expansion amid UK train strike disruption. The online ticketing platform said in its half year results that group net ticket sales grew 116 per cent year-on-year (YoY) to £2.2bn, 17 per cent higher than pre-COVID levels. [...]
Strikes backed by union members at three train companies and Croydon’s tram network August 25, 2022 Train and tram drivers have voted overwhelmingly to strike, as Aslef members on the Croydon tram system will also walk out next month. Chiltern, Northern and TransPennine Express have backed industrial action in a dispute over pay, according to their union Aslef. The votes were 9 to 1 in favour of strikes, with turnouts of [...]
Second day of rail strikes send Trainline tumbling as FTSE 100 dips June 23, 2022 A second day of railway worker strikes sent shares in ticket booking platform Trainline tumbling as London’s top indexes dipped today. The capital’s premier FTSE 100 index dropped 0.97 per cent to 7,020.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.05 per [...]
Trainline focuses on EU expansion but remains in talks with government over rival app May 5, 2022 Trainline said it was focusing on expanding its international presence while remaining in talks with Westminster over the development of a government-funded rival ticketing app. In the 12 months ended 28 February, the company’s international revenues grew 85 per cent to £21m due to sales reaching £418m, while profits soared by 105 per cent. Trainline’s domestic [...]
Steepest rise since 2013: Train fare hike of almost 4 per cent to hit commuters from TODAY March 1, 2022 Train passengers in England and Wales face an increase in fares of up to 3.8 per cent from this morning. It is the steepest increase since January 2013, according to figures from industry body the Rail Delivery Group (RDG). Therefore, the Government has been accused of adding to the cost of living crisis following the [...]
Rail firms call for off-peak fares to be scrapped as industry tracks recovery February 13, 2022 Rail firms look to scrap off-peak trains as operators attempt to revive the railway after Covid. The Rail Delivery Group (RDG), which speaks for companies such as FirstGroup and Govia, has urged ministers to use the private sector’s “in-depth knowledge of their customers and markets”, which may include “innovative” tickets that adjust prices throughout the [...]
Trainline seeks Whitehall reassurance as rival ticketing app spooks businesses February 6, 2022 Trainline’s bosses have been fretting over a possible government-funded ticketing competitor, saying it could destroy the business. The group has reportedly sought reassurance from Whitehall that ministers’ plans to create a new ticketing app will not undermine its business, the Sunday Telegraph reported. According to Peel Hunt analyst James Lockyer, after a meeting where Trainline’s [...]
Trainline delivers strong recovery as passenger numbers go up November 3, 2021 Rail and coach technology platform Trainline has recovered strongly in the first six months of FY22, with revenue going up 151 per cent to £78m. The group’s net ticket sales have grown 179 per cent to £1bn, recovering 79 per cent of pre-pandemic times, the highest level since Covid-19 began. Trainline performed well also in [...]