Eurostar revenues rise as trips to Europe for business increase

 
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A RISE in business trips to and from the Continent has helped boost revenues at Eurostar in the first three months of the year.

Eurostar said passenger numbers were up three per cent to 2.3m compared to a year ago, with business class traffic up six per cent.

“This positive corporate sentiment has contributed to Eurostar’s strong performance and demonstrates the resilience of those businesses with a foothold on both sides of the English Channel,” said the company yesterday.

Despite the absence of the Easter break in the quarter, leisure ticket sales rose three per cent, taking overall revenues up seven per cent to £227m. Chief executive Nicolas Petrovic said the lack of weather-related disruption during a mild winter had also flattered sales.

Eurostar is owned by state-controlled SNCF, SNCB and London & Continental Railways. The British government is thought to have hired UBS to examine options for its 40 per cent stake including a possible sale.

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