Trainline, the UK-based ticketing app, has warned that its revenues are expected to decline over the coming year due to geopolitical tensions in the Middle East. The company cited the impact of the Iran war on inbound air traffic into Europe as a key factor behind the anticipated fall in profits.
The firm now expects net ticket sales of between £440m and £455m for the 2026-27 financial year. Shares in the company dropped following the announcement, which came as outgoing chief executive Jody Ford described the past year as one of 'strong delivery' with record sales and continued double-digit profit growth.
Ford also noted that Trainline is working closely with the government ahead of the creation of Great British Railways (GBR) online retail in the UK. He welcomed the recent decision to open delay repay to independent retailers, calling it customers' 'number one ask'.
The Labour government previously froze rail fares, meaning no price increases for season tickets, peak returns, and off-peak returns between major cities. Transport Secretary Heidi Alexander said the freeze would help millions of passengers save money, with commuters on more expensive routes saving over £300 per year.
