Trainline float leads to loss

Trainline, which floated on the stock market earlier this year, has reported an operating loss of £8m and loss after of tax of £89m, largely as a result of the costs associated with the flotation.

Clare Gilmartin, chief executive of Trainline, said: “As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.”