Brexit and Brussels attack spell ‘challenging second quarter’ for Eurostar - CILT(UK)
Search
Search
You are here: Home > News > Latest News

 

 

What’s on your career development plan

 


 

 


LATEST NEWS

Brexit and Brussels attack spell ‘challenging second quarter’ for Eurostar

01 August 2016/Categories: Industry News


Uncertainty created in the run-up to the Brexit vote and the fear of terrorism following the Brussels attack saw a slump in sales revenue and passenger numbers on the Eurostar.

In the first six months of 2016, the number of passengers using the Eurostar dropped by 3 per cent compared to the first half of 2015 from 2.8 million to 2.7 million.

This meant a 10 per cent drop in half-year turnover with sales revenue dropping from £232 million to £208 million in what has described as a ‘challenging second quarter’.

Euro 2016 and the unexpected success of the Welsh national team saw a two per cent increase in June with over a million passengers using the high speed rail to travel to Eurostar destinations.

Eurostar chief executive Nicolas Petrovic commented: “In the run-up to the EU referendum, we experienced a slowdown in business travel and the uncertainty following the vote to leave, combined with the Brussels terrorist attack, has continued to dampen demand.”

Mr Petrovic added that a weaker pound usually drives tourism from the continent, with visitors keen to take advantage of cheaper trips to London.

Print

Number of views (3107)

Tags:

Theme picker

Keep it moving with your professional body

Keep up to date with the latest news for transport, logistics and supply chain professionals. We don’t sell data, we don’t spam, we just send insights and information relevant to the profession.

Registered Office:

Earlstrees Court, Earlstrees Road, Corby
Northants, NN17 4AX
Main Switchboard: 01536 740100

Company Registration Number: 2629347 
(A Company Limited by Guarantee)
Charity Registration Number: 1004963

© The Chartered Institute of Logistics and Transport