Trainline has warned that geopolitical tensions in the Middle East are hurting its revenues as fewer foreign tourists fly to Europe and book rail tickets.

Trainline reported operating profits up 43% to £122m and revenue up 2% to £453m for 2025-26, but expects flat or declining sales of £440-455m in 2026-27 due to Middle East geopolitical tensions reducing inbound air traffic into Europe, UK rail fare freezes, and the planned Great British Railways ticketing website.