economy
Trainline says Middle East tensions hitting European rail bookings
Profits jump to £122m at ticketing retailer but it expects flat or declining revenues over the coming year
TL;DR
- Trainline's revenues are being hit by the US-Iran standoff, affecting rail ticket sales to foreign visitors in Europe.
- The company anticipates flat or declining revenues due to geopolitical tensions impacting inbound air travel to Europe.
- Airlines are experiencing later bookings and consumer uncertainty, with flight cancellations increasing.
- UK ticketing policy, including the government's planned ticketing website under Great British Railways, presents a challenge.
- Despite revenue growth expectations, Trainline reported a 43% increase in operating profits to £122m for 2025-26.
- The company expects 2026-27 sales between £440m-£455m, down from previous forecasts.
- Trainline is targeting growth in Italy and France, focusing on its position as Europe's most downloaded rail app.
- Trainline shares saw a decline following the earnings guidance but partially recovered.