TheTrainline and QJump to merge

Tuesday, 11 Feb, 2004 0

TheTrainline and Qjump Limited have announced that they plan to merge, creating the UK’s largest rail ticket retailer. The combined business will take the name of TheTrainline, although the Qjump brand will be retained in the short term. Estimated annual sales for the company are £300 million, which is 10% of rail tickets sold in the UK. Both companies hope to make combined savings of £8 million through the merger and hope it will push them into profitability. TheTrainline chief executive, Alan Tomlin said: “The merger is expected to lead TheTrainline into profit for the first time in its short history, providing it with the financial security to expand its business. Through the combined business we will be able to further enhance our customer proposition and develop rail retailing, including the development into new digital platforms in 2004.” The Trainline is owned by the Virgin Group (86%) and National Express Group plc (14%). The company provides access to timetables, fares, reservations and tickets through its website and call centre for a number of train operators including GNER, Virgin Trains, First Great Western, Midland Mainline, Greater Anglia, ScotRail and Central Trains. Report by Ginny McGrath



 



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...