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Trainline ticket sales dive
The COVID-19 lockdown hit ticket sales at train booking app Trainline (TRN.L) hard in the first half of the year, the company said on Thursday.
Trainline said UK train ticket sales fell by 85% in the six months to the end of August, contributing to a 76% fall in group revenue.
The company said train travel was beginning to recover, “albeit more slowly than previously expected.” Trainline said it was “phasing its operations back to normal” and planned to redouble investment in digital.
“I’m pleased to now see the industry recovering, particularly in our International markets, as well as a faster shift to online reservation and digital ticketing, as anticipated, given the increased customer need for touchless travel,” chief executive Clare Gilmartin said.
Shares were up