Summer hols give a lift to Eurotunnel

first_img Share Summer hols give a lift to Eurotunnel EUROTUNNEL, the operator of the Channel Tunnel, said yesterday a bumper summer helped boost revenues for the year so far by 10 per cent. The Paris-based firm said core revenue for the three months to the end of September grew eight per cent compared to last year to €181.3m (£159m). This rose to €212.1m when sales from Eurotunnel’s recent rail freight acquisitions were included, the firm said in an update. The company said truck shuttle traffic rose 50 per cent in the third quarter of the year, as commercial transport began to recover. Sales of Eurostar tickets rose three per cent to 2.66m in the quarter, despite the volume of passenger trains falling by 23 per cent compared to last year. “The advantages the tunnel offers made the difference in a market which remained challenging and despite intense competition,” said Eurotunnel boss Jacques Gounon.Eurotunnel made a joint bid with Goldman Sachs and M&G earlier this year for High Speed 1, the railway development between London and Folkestone being sold off by the government and valued at £2bn.Gounon said the consortium was working hard but wanted to “pay the right price for the asset”. “We believe we can generate synergies and can bring additional traffic” to the high speed line, he added. whatsapp KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Monday 18 October 2010 8:22 pm Show Comments ▼ whatsapp Tags: NULLlast_img read more