EUROTUNNEL chairman Charles Mackay has warned
difficult trading conditions are likely to continue into the second half of the
Reporting first-half figures, the Channel Tunnel
operator said net losses were £17 million, down from £94 million last year, on
the back of a 7% fall in operating revenue.
Mackay said: “Our first half results reflect the
current depressed demand and consequent pricing pressures which are affecting
the travel and freight sectors as a whole.
“These challenging conditions now look set to
continue in the second half.”
Mackay warned full-year
revenues are unlikely to cover its interest charges from cashflow
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