Trainline Surges 20.5% After An Increase In Passenger Demand

Online ticket platform Trainline provided its trading update for the first four months of the financial year.

Safe to say it was one of their better trading updates after a covid impacted year.

Trainline reported net ticket sales were up 16% versus the same period in FY2020 (pre-covid). The company stated its performance reflects a faster than anticipated recovery in passenger volume across Europe.

Meanwhile, Trainline reported a notable resurgence of inbound customers from the US as the company increases its investment in its international business.

Prepare to get in “line”… you know, because their name is Trainline… nope, okay.

“Not only is domestic rail travel rebounding at an impressive rate across Europe, but tourists are also returning strongly, with Americans leading the way,” said Jody Ford, CEO of Trainline.

Ford further commented, “More and more people are recognising that travelling by train is better for the environment and the best way to travel cross-country and cross-border at speed.”

As a result of the boost in sales, Trainline updated its market guidance expectations for the year. Net ticket sales growth is expected to be between 18% and 27% compared to pre-covid levels.

In addition, revenue is expected to grow between 22% and 31%.

So understandably, Trainline shares grew 20.5% following the announcement. Fantastic.

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