Three things you need to know in the financial markets this morning from investment writer, Tony Cross
Just a matter of days after coming to market and The Trainline has published a quarterly trading update. There doesn’t appear to be any surprises here, with group sales up 20% and significant overseas expansion being noted. That’s up 51% with the app being seen as performing especially well. The company notes that with the majority of train and coach tickets still being sold offline, significant growth prospects lie ahead.
Wizz Air, the Eastern European low cost airline has published traffic figures for June this morning. The growth story here continues, with passenger count up 19.1% and the load factor rising 1.7% to 95%. Interestingly again, the company is keen to promote its green metrics too, with carbon dioxide emissions up 17% from a year earlier, but down 2.9% per passenger kilometre flown. This trend for reporting alternative alpha seems set to grow across the board.
Ryanair has also published its traffic stats this morning. Passenger numbers are up 8% on a like for like basis or 13% once the recently acquired Lauda division is included. Load factors, at 97% remain unchanged. Interestingly, although there is no mention of green credentials in this report, Ryanair did publish a separate CO2 report early in June showing an impressive reduction in emissions over the last decade.