Eurostar helps boost Eurotunnel summer performance

Eurostar helps boost Eurotunnel summer performance

Increased shuttle and Eurostar passengers using Channel Tunnel services helped boost summer revenues at Eurotunnel.

The fixed link operator reported a 3% rise in third-quarter revenues to €286.4 million over the same period in 2016.

Shuttle revenues rose by 4% to €179.3 million while railway network revenue increased by 4% as Eurostar traffic grew by 4% to almost 2.7 million passengers.

The Eurostar performance was mainly driven by overseas visitors from outside Europe and business travellers.

Le Shuttle set a new passenger vehicle record for the summer period between July 17 and September 3, carrying 563,750 cars, an increase of 2% compared to 2016.

Looking forward, Eurotunnel said: “With record volumes despite the uncertain European context, the business remains positive.”

Chairman and chief executive, Jacques Gounon, said: “The group’s strategy to concentrate on leadership in the most dynamic and high contribution sectors of the market, both for freight and passenger services, has enabled us to record a further increase in revenues. We remain confident for the full year.”

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