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Trainline launches ‘crowd alerts’ to help with social distancing

The ticketing app group expects to report an adjusted underlying loss of £14-19mln for the six months to August 31, 2020

Trainline - Trainline launches ‘crowd alerts’ to help with social distancing

Trainline PLC (LON:TRN) revealed that it has launched ‘crowd alerts’ to help customers choose trains where they can safely socially distance.

The ticketing app group also said it is phasing a return of its operations to normal, having brought back most of its furloughed teams, and is dialling up discretionary spend, including marketing activity.

READ: Trainline appoints former eBay exec to new COO position

The FTSE 250-listed firm outdid its own expectations in terms of operating cost savings and now expects to report an adjusted underlying loss of £14mln-£19mln for the six months to August 31, 2020, compared to last year’s £42mln profit.

It said first-half revenue slumped by 76% to £31mln due to travel restrictions during the coronavirus pandemic lockdown, with net ticket sales down 81% to £358mln.

The firm had liquidity headroom of £162mln at the end of August.

Analysts at Peel Hunt said it was a solid performance ahead of their expectations.

Shares advanced 2% to 393.2p on Thursday in early trading.

--Adds analyst comment, shares--

Quick facts: Trainline

Price: 382.2 GBX

LSE:TRN
Market: LSE
Market Cap: £1.84 billion
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