Eurotunnel perks up on traffic rise
Friday 05 May 1995
The company's shares perked up at the news that 500,000 people passed through the tunnel in April due to heavy Easter traffic and the delivery of more trains. But analysts said April's volumes for both tourists and freight still remained below the company's forecasts.
The Shuttle trains carried a record 96,735 vehicles in April, reaching 4,483 vehicles a day during the Easter vacation, according to the first in a regular monthly briefing by the company on traffic levels. Of this figure, the Shuttle carried 22,648 lorries, against 22,580 in March.
The number of high-speed Eurostar passenger trains through the tunnel rose to 542 in April from 506 the month before. Freight train traffic fell from 432 to 404, which could be attributed at least in part to the holidays.
Eurotunnel described the figures as encouraging, but will want to see figures for all four of its services increase dramatically over the next few months. The company has warned that this summer is make or break for the project.
Richard Hannah, analyst at UBS, estimated that April's tourist figure of 96,735 vehicles, with an average 2.5 people per car, projected out over the year would give a figure of 2.9 million people, against Eurotunnel's forecast of 11 million.
The shares rose 9p to 196p.
- 1 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 2 West poised to join forces with President Assad in face of Islamic State
- 3 Mother fed her daughter tapeworms to make her skinny for pageant
- 4 Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
West poised to join forces with President Assad in face of Islamic State
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile
iJobs Money & Business
£30000 - £45000 per annum: Harrington Starr: A global investment management fi...
£65000 - £75000 per annum: Harrington Starr: Senior Network Engineer-(CCIE, CC...
£70000 - £80000 per annum: Harrington Starr: Senior Network Analyst - (CCIE, C...
£60000 - £80000 per annum: Harrington Starr: Senior Network Engineer-(Design, ...