Latest Rail News

04.11.16

Eurostar reports Q3 recovery after Nice terrorist attack

Eurostar today reported a modest recovery in its Q3 reports with passenger numbers increasing year-on-year, indicating signs of improvement after a challenging dip in demand following the terrorist attack in Nice in July.

Influenced by the recent fall in pound sterling, the business also saw a greater number of passengers travelling from France to the UK during the October half-term holidays, with traffic up by 18% compared to last year.

However, Eurostar’s Q3 passenger numbers of 2.6 million were still down by 10% compared to last year’s posting of 2.9 million, with sales revenue 8% lower year-on-year at £184m.

Nicolas Petrovic, chief executive of Eurostar, said: “After a softening in demand over the summer, we saw an increase in travel from the continent to London during the half term holiday. 

“With the weakening of the pound, the UK is proving to be an attractive destination. The outlook to the end of the year is encouraging with many travellers taking day trips to London to do their Christmas shopping.”

Despite these figures, Eurostar’s plans for a new direct route to Amsterdam are progressing well, with the first test phase of the new Eurostar e320 train on the Dutch network completed earlier this year. The next tests are scheduled for early 2017.

The route from London to Amsterdam is one of Europe’s largest international airline markets, used by over three million business and leisure passengers every year. Offering a journey time of under four hours, it is hoped that Eurostar’s new service will enhance the link between these two vital European hubs, offering a competitive alternative to plane travel.

“Over the coming months, we are making a major investment in our fleet, our service and our stations to equip our business for expansion,” Petrovic said. “The launch of our Amsterdam route at the end of next year marks a key milestone and represents a significant growth opportunity for the future.”

Have you got a story to tell? Would you like to become an RTM columnist? If so, click here.

Comments

There are no comments. Why not be the first?

Add your comment

 

Rail industry Focus

View all News

Comment

The challenge of completing Crossrail

05/07/2019The challenge of completing Crossrail

With a new plan now in place to deliver Crossrail, Hedley Ayres, National Audit Office manager, major projects and programmes, takes a look at ho... more >
Preparing the industry to deliver trains for the future

04/07/2019Preparing the industry to deliver trains for the future

The move to decarbonise the rail network involves shifting to cleaner modes of traction by 2050. David Clarke, technical director at the Railway ... more >

'the sleepers' blog

On the right track, Sulzer is awarded RISAS accreditation for Nottingham Service Centre

29/06/2020On the right track, Sulzer is awarded RISAS accreditation for Nottingham Service Centre

Following an independent audit, Sulzer’s Nottingham Service Centre has been accepted as part of the rail industry supplier approval scheme (RISAS). The accreditation reinforces the high-quality standards that are maintained by Sulzer’s... more >
read more blog posts from 'the sleeper' >

Interviews

Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

24/06/2019Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that he would not rule out his organisation issuing future r... more >
Advancing the rail industry with management degree apprenticeships

08/05/2019Advancing the rail industry with management degree apprenticeships

In answering the pressing questions of how current and future generations of managers can provide solutions to high-profile infrastructure projects across the UK, Pearson Business School, part of... more >