Rail strikes dent Trainline ticket sales as firm nursed £6m hit every day Big losses Online rail ticketing business Trainline has said annual ticket sales fell short of expectations, as rail strikes left it nursing a hit of up to £6 million a day. The group said ongoing industrial action on UK railways cost it £5 million to £6 million in gross sales impact on average per strike day. It [...]
RMT urged to cancel next week’s walkouts after Network Rail action suspended Train strikes Rail union bosses have been urged to cancel next week’s walkouts at train companies after suspending planned industrial action at Network Rail. The Rail Delivery Group (RDG), which represents operators, called on the Rail, Maritime and Transport union (RMT) to “meet us for urgent talks”. The RMT has been engaged in national rail strikes in [...]
Trainline’s earnings triple as rail sector continues recovery from Covid-19 Trainline Ticket seller Trainline today said its earnings are up three-fold compared to 2021 amid the rail industry’s recovery from Covid-19. The online coach and train ticket seller said its revenues had increased more than two times over to £2.16bn, in an uptick that saw its adjusted earnings triple to £45m. The London headquartered company generated [...]
Eurostar cancels Paris-London services as strikes hit France October 18, 2022 Eurostar has cancelled trains between Paris and London as nation-wide strikes hit France. The train operator was forced to axe today’s 11.13am and 4.13pm services to London as well as the 1.31pm and 7.01pm trains to Paris, as thousands of French transport workers walked out in a dispute over pay. “Travellers booked on a cancelled [...]
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 [...]