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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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