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As lockdown restrictions ease and we start to consider travelling again, the future of cross-Channel operator Eurostar remains uncertain.
Eurostar is seeking financial support from the UK Government, citing higher access charges here as a reason.
The French Government has pledged to provide support for the operator, while £200 million has been provided by one of its shareholders, Caisse de Dépôt et Placement du Québec (CDPQ) and Hermes Infrastructure.
Registered in the UK and supporting 3,000 jobs either with the business or in the supply chain, the company is, however, 55% owned by SNCF (French state rail), 40% by CDPQ/Hermes and 5% by SNCB (Belgian state railways).
So: Should the UK Government provide financial assistance to Eurostar?

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Eurostar reports on first quarter 2015 performance

International passenger operator Eurostar has released a performance report for the first quarter of 2015.

Overall passenger numbers reached 2.3 million, the same level as the first quarter of 2014. 

According to the report, passenger numbers decreased in January following the terrorist attacks in Paris and the Eurotunnel lorry fire. A higher volume of travel was then recorded over the Easter holiday period.

Compared with 2014, business travel for the quarter had increased by 7%. Ticket sales were down by 6%, with £215m of sales revenue made in the first quarter of 2015, a decrease of £12m from last year.

 

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